WASHINGTON, Jan 17 (Reuters) – U.S. President Donald Trump on Saturday said he never offered to nominate JPMorgan CEO Jamie Dimon for the job of Federal Reserve chair, contradicting a report this week, and added he plans to sue the bank over its treatment of him following the January 6, 2021 attack on the U.S. Capitol. In a post on Truth Social, Trump blasted a Wall Street Journal report that said he offered the Fed chair post to Dimon. Trump also wrote he plans to sue JPMorgan over the next two weeks for allegedly "debanking" him. A JPMorgan spokesperson did not immediately respond to a Reuters request for comment. Dimon has met with Trump and other White House officials several times in the past year. The president offered to nominate Dimon in one of those meetings although the JPMorgan boss took the offer as a joke, the Wall Street Journal reported, citing people briefed on the discussion. Dimon, one of Wall Street's most influential figures, has come out against some of the Trump administration's policies. Earlier this week, Dimon voiced support for the independence of the Fed, days after the Justice Department opened a criminal investigation into current Fed Chair Jerome Powell, whose term expires in May. Dimon and top JPMorgan executives have also pushed back on the Trump administration's proposed 10% cap on credit card interest rates, saying it would result in millions of households losing access to credit. Trump on Wednesday suggested in a Reuters interview he was inclined to nominate either White House economic adviser Kevin Hassett or former Fed Governor Kevin Warsh to replace Powell. (Reporting by Jason Lange and Chibuike Oguh; Editing by Rod Nickel, Sergio Non and Chris Reese)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
