JPMorgan Chase CEO Jamie Dimon warns the Justice Department’s grand jury subpoena of Federal Reserve Chair Jerome Powell risks undermining confidence in the central bank and could ultimately push inflation expectations and interest rates higher.

JPMorgan Chase reported lower fourth-quarter profits Tuesday as CEO Jamie Dimon endorsed Federal Reserve independence and offered an upbeat reading on the US economy.Dimon, who has struck a cautious tone in some recent quarters,

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.

JPMorgan Chase CEO Jamie Dimon has emerged again as a fervent supporter of Federal Reserve chief Jerome Powell. His backing comes on the heels of Powell’s announcement that the Department of Justice had issued a subpoena against the central bank.

JPMorgan CEO Jamie Dimon is the latest top voice in the banking world to lend his support to embattled Fed Chair Jerome Powell.

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.

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said that the US Justice Department’s attacks on the Federal Reserve have the potential to undermine the independence of the central bank and possibly boost borrowing costs.

JPMorgan Chase on Tuesday marked the unofficial beginning to fourth-quarter earnings season with forecasting-beating results.

Federal Reserve Chair Jerome Powell announced Sunday that he's being investigated by the Justice Department over his testimony on renovations to the Federal Reserve building in Washington, D.C. CBS News' Katrina Kaufman and Nancy Cordes have the latest.