President Donald Trump rejected a Wall Street Journal report claiming he offered JPMorgan Chase CEO Jamie Dimon the role of Federal Reserve chair, calling the allegation “totally untrue.” In the same statement, Trump said he plans to sue the bank within the next two weeks over what he described as improper restrictions placed on his accounts after the events of January 6.
“I’ll be suing JPMorgan Chase over the next two weeks for incorrectly and inappropriately DEBANKING me after the January 6th Protest, a protest that turned out to be correct for those doing the protesting — The Election was RIGGED!” Trump wrote.
JPMorgan Chase—one of the world’s largest banks, with assets exceeding $4.3 trillion as of 2025—has faced political backlash over limiting or reassessing relationships tied to the aftermath of January 6, 2021, when a violent breach of the U.S. Capitol resulted in deaths and widespread condemnation. Trump framed the bank’s actions as retaliatory and suggested his lawsuit would challenge what he views as unfair limits on his access to financial services.
Beyond disputing the report’s claims, Trump criticized the Wall Street Journal for not seeking his comment before publishing the story.
“Why wouldn’t The Wall Street Journal call me to ask whether or not such an offer was made? I would have very quickly told them, ‘NO,’ and that would have been the end of the story,” he said.
Trump also addressed separate chatter that Dimon may have been floated for Treasury Secretary. He dismissed the idea, pointing instead to the person he said is already in the role.
“He already has ‘Scott Bessent doing a fantastic job, A SUPERSTAR — Why would I give it to Jamie?’” Trump wrote, adding that he never made an offer for either position.
He closed with another swipe at the publication’s credibility.
“The Wall Street Journal ought to do better ‘fact checking,’ or its already strained credibility will continue to DIVE,” Trump added.
The remarks are the latest flashpoint in Trump’s long-running clashes with major financial institutions over banking access and restrictions tied to the aftermath of January 6, as he continues to publicly contest both the political and financial fallout.
