President Donald Trump issued a fierce denial Saturday that he offered JPMorgan Chase CEO Jamie Dimon the Federal Reserve chairmanship, announcing plans to sue the banking giant over allegations it closed his accounts following the January 6, 2021, Capitol riot.
Trump used his Truth Social platform to attack a Wall Street Journal article he claims falsely reported he offered Dimon the position of Federal Reserve chairman.
“This statement is totally untrue, there was never such an offer and, in fact, I’ll be suing JPMorgan Chase over the next two weeks for incorrectly and inappropriately DEBANKING me after the January 6th Protest,” Trump wrote.
The president criticized the Journal for not contacting him to verify the story before publication, saying he would have quickly told them “NO” and ended speculation.
Trump also addressed rumors about offering Dimon the Treasury Secretary position, stating no such offer was made or considered. He emphasized his satisfaction with current Treasury Secretary Scott Bessent, calling him “A SUPERSTAR.”
Dimon Rejects Fed Position, Defends Central Bank Independence
Just days before Trump’s statement, Dimon emphatically rejected any possibility of leading the Federal Reserve during a U.S. Chamber of Commerce event Thursday.