Jamie Dimon backs Fed Chair Powell amid DOJ probe
Digest more
Dimon said the bank's expected $9 billion spending increase would help it stay competitive not only with other big banks, but also fintech companies.
Jamie Dimon on Tuesday defended the Federal Reserve after it was subpoenaed by the Justice Department, saying that “anything that chips away” at the central bank’s independence “is not a good idea.”Dimon,
The nation’s largest bank earned $57 billion in 2025, but Jamie Dimon, its chief executive, said “the benefits of deregulation” would help in the future.
Jamie Dimon warned that the investigation into Jerome Powell could have the opposite effect of what Trump wants.
CEOs from top Wall Street banks JPMorgan Chase and BNY voiced support for the independence of the U.S. Federal Reserve on Tuesday, days after the Trump administration opened a criminal investigation into Fed Chair Jerome Powell.
He said the following three factors that are set to collide and reshape the economy over the next year or two.
The Trump administration is lifting regulations, and deal making is heating up. For Jamie Dimon, being JPMorgan Chase’s chief executive was more lucrative in 2025 than ever.
JPMorgan Chase on Tuesday marked the unofficial beginning to fourth-quarter earnings season with forecasting-beating results.
If confirmed, the supposed massive haul would put the long-serving JPMorgan boss’s net worth closer to that of New York’s hedge fund titans and Silicon Valley’s tech founders.
JPMorgan CEO Jamie Dimon isn’t known for making bold price calls. Yet, Dimon made punchy claims during an interview at Fortune’s Most Powerful Women conference in Washington when asked whether he thought gold was overvalued or undervalued.