President Donald Trump on Saturday blasted The Wall Street Journal over a report claiming he offered JPMorgan Chase CEO Jamie Dimon the top job at the Federal Reserve. Trump called the claim “totally untrue” and said he plans to sue JPMorgan Chase within the next two weeks, alleging the bank “DEBANKED” him after the January 6 Capitol riot in 2021.
Trump aired his complaints in a Truth Social post Saturday morning, accusing the Journal of publishing the story without verification and insisting no offer was ever made.
He also revived a previous allegation that JPMorgan Chase and Bank of America refused to do business with him. In an earlier interview with CNBC last summer, Trump said he tried to “deposit a billion dollars-plus” but was turned away by both banks.
The Journal report Trump was responding to—published last Wednesday—said he privately floated Dimon for Fed chair in early 2025, but that Dimon did not take the idea seriously.
Trump, however, argued the newspaper should have contacted him before running the claim and insisted he would have immediately denied it.
He also rejected the notion that Dimon was ever in the mix for Treasury Secretary, saying he never considered such a move and praising Scott Bessent as a “SUPERSTAR” in the job.
Trump’s comments come as his Justice Department is investigating Federal Reserve Chair Jerome Powell over a multi-year renovation of the Fed’s building. Powell has said he believes he is being targeted because of disagreements with Trump over interest rates, not because of the renovation itself.
Separately, JPMorgan Chase told customers in November that the U.S. government was investigating the bank over claims it “de-banked” conservatives. The bank has denied closing accounts or denying services based on political beliefs. Trump’s latest post suggests that dispute may soon escalate—potentially into a lawsuit aimed at Dimon and JPMorgan Chase.
