Trump Denies Offering Fed Chair Role to JPMorgan CEO
President Donald Trump has publicly rejected a Wall Street Journal report claiming he offered JPMorgan CEO Jamie Dimon the role of Federal Reserve chair, calling the story “completely untrue” and accusing the newspaper of failing to verify its reporting.
In a post on Truth Social, Trump said no such discussion ever took place and argued that a simple phone call from the Wall Street Journal would have immediately resolved the issue. According to Trump, he would have clearly denied making any offer, bringing the matter to an end before publication.
- Donald Trump denied reports that he offered Jamie Dimon the role of Federal Reserve chair, calling the claim false.
- Trump said he plans to sue JPMorgan over alleged “debanking” following the January 6 protests.
- The president criticized the Wall Street Journal for publishing the story without verification and questioned its credibility.
The comments mark the latest clash between Trump and major U.S. financial institutions and media outlets, as tensions resurface over both political influence and banking practices.
Trump Denies Fed Chair Offer to Jamie Dimon
Trump directly dismissed claims that he had approached JPMorgan CEO Jamie Dimon about leading the Federal Reserve, describing the report as baseless and misleading. He argued that the Wall Street Journal ran the story without confirming its accuracy, questioning the outlet’s journalistic standards.
The president also addressed speculation that Dimon may have been considered for another senior economic role. Trump acknowledged that some believed he offered Dimon the position of Treasury Secretary, but said that claim was also false, emphasizing that no such offer was ever made or even seriously considered.
Trump pointed instead to Treasury Secretary Scott Bessent, praising his performance and questioning why he would replace someone he described as doing “a fantastic job.”
Lawsuit Threat Over JPMorgan “Debanking” Claims
Beyond disputing the reporting, Trump escalated his criticism of JPMorgan Chase, announcing plans to sue the bank within the next two weeks. He accused the institution of improperly “debanking” him following the January 6 protests, claiming the decision was politically motivated.
Trump framed the lawsuit as a response to what he sees as coordinated actions by major banks against individuals or groups aligned with his political movement. He argued that the issue goes beyond personal grievances and raises broader questions about financial access and political bias within the U.S. banking system.
Media Credibility Under Fire
Trump also took aim at the The Wall Street Journal, accusing it of damaging its own credibility by publishing what he described as unverified claims. He warned that continued failures in fact-checking could further erode trust in legacy financial media, particularly among readers already skeptical of mainstream coverage.
The Wall Street Journal has not yet issued a public response to Trump’s accusations or his threat of legal action against JPMorgan.
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