Jamie Dimon backs Fed Chair Powell amid DOJ probe
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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 reported lower fourth-quarter profits Tuesday as CEO Jamie Dimon endorsed Federal Reserve independence and offered an upbeat reading on the US economy.
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.