President Donald Trump denied a Wall Street Journal report that he offered JPMorgan CEO Jamie Dimon the Federal Reserve chairmanship, saying on Truth Social that the story is false. He also announced plans to sue JPMorgan within two weeks, alleging the bank "debanked" him after the Jan. 6, 2021 Capitol attack. The dispute highlights tensions between the president and major financial institutions and raises questions about the veracity of competing accounts.
Trump Denies Offering Fed Chair Role To JPMorgan CEO Jamie Dimon, Announces Plans To Sue Bank
Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., speaks during the America Business Forum at Kaseya Center in Miami, Florida, U.S. November 6, 2025. REUTERS/Marco Bello
U.S. President Donald Trump on Saturday rejected a Wall Street Journal report that he offered the job of Federal Reserve chair to JPMorgan Chase CEO Jamie Dimon. In a post on his Truth Social platform, Trump called the report false and said he never proposed nominating Dimon for the central bank's top job.
Trump also said he intends to file a lawsuit against JPMorgan Chase within the next two weeks. He accused the bank of "debanking" him in the aftermath of the January 6, 2021 attack on the U.S. Capitol — a move he says is the basis for his planned legal action.
The Wall Street Journal article that prompted Trump’s response had reported that he had discussed offering the Fed chair position to Dimon. Trump’s public denial underscores the dispute between his account of events and the newspaper’s reporting.
Why it matters: A Fed chair nomination would be a major development for U.S. monetary policy, and any legal action against a major bank raises questions about future relations between the president and the financial sector. Trump’s comments add to ongoing public debate over both the January 6 events and the role of large financial institutions in political disputes.
Note: This article summarizes public statements and reporting about the alleged offer and the president’s subsequent denial and legal threat.
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