"In a post Saturday, Trump responded to a Wall Street Journal story that said Trump offered Dimon the role of Federal Reserve chief several months ago in a way that Dimon interpreted as a joke. "There was never such an offer and, in fact, I'll be suing JPMorgan Chase over the next two weeks for incorrectly and inappropriately DEBANKING me after the January 6th Protest," Trump wrote. He didn't elaborate. JPMorgan didn't immediately respond to a weekend request for comment."
"Trump claimed in August that JPMorgan "discriminated against me very badly" when he alleged the bank asked him to close accounts he held for decades, an action he believes was connected to his supporters stormed the Capitol to stop the 2021 certification of President Joe Biden's victory. The bank later said it's facing reviews, investigations and legal proceedings tied to the Trump administration's fight against "debanking.""
"Dimon said earlier this week he wouldn't consider being the Fed chair. In response to a question Thursday at a US Chamber of Commerce event about whether he'd consider taking over the central bank, Dimon said, "Chairman of the Fed, I'd put in the absolutely, positively no chance, no way, no how, for any reason." As for running the Treasury, "I would take the call," he said."
Donald Trump railed against JPMorgan Chase and CEO Jamie Dimon and threatened to sue the bank over alleged debanking after the Jan. 6, 2021 Capitol riot. A supposed offer of the Federal Reserve chair to Dimon was interpreted as a joke; Trump denied any such offer and announced plans to sue over account closures he says were improperly linked to protesters. JPMorgan has faced reviews and legal proceedings related to debanking. Dimon declined the Fed chair role but indicated openness to serving as Treasury secretary.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]