President Donald Trump denied claims in a Wall Street Journal report that he offered JPMorgan Chase CEO Jamie Dimon the position of Federal Reserve chairman, calling the story “totally untrue,” and announced plans to sue the bank over what he says is wrongful account restrictions.
Trump wrote, “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!”
JPMorgan Chase, one of the world’s largest banks with assets exceeding $4.3 trillion as of 2025, faced criticism from Trump for limiting his access to financial services after the Jan. 6, 2021, Capitol protest, an event that resulted in a violent breach of the U.S. Capitol building and multiple deaths. Trump’s post suggested the bank’s actions were retaliatory and framed the upcoming legal action as a defense of his financial rights.
In addition to denying the Wall Street Journal story, Trump criticized the outlet for failing to contact him for comment. “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 rumors that Dimon might have been considered for Treasury Secretary, stating that he already has “Scott Bessent doing a fantastic job, A SUPERSTAR — Why would I give it to Jamie?” He reiterated that no offer had been made for either position.
“The Wall Street Journal ought to do better ‘fact checking,’ or its already strained credibility will continue to DIVE,” Trump added.
The announcement marks the latest escalation in Trump’s ongoing disputes with major financial institutions that restricted his banking access following the events of Jan. 6, as he continues to challenge aspects of his financial limitations.
