Trump says ‘never offered' Fed Chairman job to JPMorgan's Jamie Dimon, plans to sue firm for ‘debanking' him

Trump is set to sue JPMorgan Chase for 'debanking' him after the January 6 protest and claims he never offered Jamie Dimon the Federal Reserve chairman role.

Written By Riya R Alex
Updated17 Jan 2026, 10:34 PM IST
Trump to sue JPMorgan Chase over 'debanking.'
Trump to sue JPMorgan Chase over 'debanking.'

Donald Trump plans to sue JPMorgan Chase in the next two weeks for 'debanking' him following the January 6 protest and says he never offered Jamie Dimon the position of Federal Reserve chairman, the US President posted on Truth Social.

Trump's post comes after a media report said that JPMorgan Chase CEO Jamie Dimon was offered the role of Federal Reserve chairman, currently held by Jerome Powell.

Earlier, major US banks, JPMorgan and Bank of America, “debanked” President Trump due to his involvement in the January 6, 2021, Capitol Hill protest, following pressure from Biden administration banking regulators and the Federal Reserve, the New York Post reported, citing people aware of the matter.

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“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, a protest that turned out to be correct for those doing the protesting — The Election was RIGGED!” the post read.

He further questioned the media outlet for not reaching out to him to verify whether such an offer was under consideration.

“I would have very quickly told them, “NO,” and that would have been the end of the story. Also, one was led to believe that I offered Jamie Dimon the job of Secretary of the Treasury, but that would be one that he would be very interested in,” Trump said.

He added, “The problem is, I have Scott Bessent doing a fantastic job, A SUPERSTAR — Why would I give it to Jamie? No such offer was made there, or even thought of, either.”

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Is Jamie Dimon interested in Fed Chair role?

At a Chamber of Commerce meeting on Thursday, JPMorgan's CEO Jamie Dimon rejected the idea of becoming Fed Chairman, saying he prefers his current job.

“Chairman of the Fed, I’d put in the absolutely, positively no chance, no way, no how, for any reason,” Bloomberg quoted Dimon. “I would so much more prefer this job than that job. That’s a hard job, but I don’t want to do that job,” he added.

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