JPMorgan CEO Dimon Clarifies He Was Not Offered Federal Reserve Chair Position

Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co., addressed the America Business Forum in Miami, Florida, on November 6, 2025. On January 17, 2023, he confirmed that he was never approached for the role of Federal Reserve chair, following U.S. President Donald Trump's recent denial of a report suggesting otherwise. The Wall Street Journal had claimed earlier that Trump intended to nominate Dimon, but the executive reportedly dismissed the proposal as a joke. In a post on Truth Social, Trump refuted the claim and Dimon reinforced that no job offer was made. A bank spokesperson later expressed regret for not correcting the story prior to publication. Trump also announced plans to sue JPMorgan in the coming weeks over what he describes as 'debanking' after the Capitol attack on January 6, 2021. Wexler emphasized the bank's policy against closing accounts based on political or religious views, supporting initiatives to address political debanking. Dimon has publicly criticized some Trump administration policies and has expressed support for the Federal Reserve's independence. He has also opposed Trump's proposed cap on credit card interest rates, which JPMorgan argues would restrict credit access for many households. Trump mentioned in a recent interview that he is considering nominating either economic adviser Kevin Hassett or former Fed Governor Kevin Warsh to succeed current Fed Chair Jerome Powell, whose term ends in May. Reporting by Jason Lange, Chibuike Oguh, and Deepa Seetharaman; Editing by Rod Nickel, Sergio Non, and Chris Reese.