Trump says he never offered Fed chair job to JPMorgan's Dimon

• Trump contradicted the WSJ report via Truth Social post, explicitly stating he never offered Dimon the Fed chair nomination
• Trump plans to file a lawsuit against JPMorgan in the next two weeks over alleged 'debanking' related to January 6 events
• The dispute involves one of America's largest banks and its CEO, a prominent figure in the financial industry

Summary: Trump Denies Offering Fed Chair Role to JPMorgan's Dimon

Key Development:

President Donald Trump publicly refuted a Wall Street Journal report claiming he offered the Federal Reserve chair position to JPMorgan Chase CEO Jamie Dimon. Trump made the denial via Truth Social on Saturday, January 17, 2026.

Major Announcement:

Trump announced plans to sue JPMorgan within the next two weeks, alleging the bank engaged in "debanking" practices against him related to the January 6, 2021, Capitol attack. This represents a significant escalation in tensions between the President and the nation's largest bank.

Companies Involved:

• JPMorgan Chase: The largest U.S. bank, led by CEO Jamie Dimon, faces potential legal action from the President
• Dimon remains one of Wall Street's most prominent and influential figures

Market Implications:

The denial removes immediate uncertainty about potential leadership changes at the Federal Reserve, which would have significant implications for monetary policy. However, the threatened lawsuit against JPMorgan introduces new uncertainty for the banking sector and could strain relationships between the administration and major financial institutions.

The alleged "debanking" accusation suggests Trump believes JPMorgan terminated or restricted his banking services due to political reasons, a claim that could have broader implications for how banks handle politically sensitive accounts.

Context:

This development comes amid Trump's second term and follows recent reporting on banking sector earnings and Wall Street activity. The situation highlights ongoing tensions between political leadership and financial institutions, with potential ramifications for both regulatory policy and corporate-government relations in the financial sector.