What happens when the President of the United States and the head of JPMorgan Chase & Co. get into a war of words over which one is smarter? You can probably hear that answer coming from a mile away.

According to a Bloomberg report , Dimon used an event on Wednesday morning celebrating his company’s philanthropic endeavors to offer himself as a potential presidential contender. “I think I could beat Trump,” he said, referring to a potential 2020 showdown. “I’m as tough as he is, I’m smarter than he is.”

Dimon almost immediately realized that he was in the wrong realm and his company issued a statement retracting his comments. “I should not have said it,” Dimon apologized. “I’m not running for president. Proves I wouldn’t make a good politician. I get frustrated because I want all sides to come together to help solve big problems.”