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,

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 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.

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

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.

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.

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.

The company’s CEO Brendan Foody and co-founders Adarsh Hiremath and Surya Midha were recently minted the youngest self-made billionaires after the company was valued at $10 billion last November. That funding has given the 22-year-olds the resources needed to build out their ambitious AI venture.

The bank’s CEO Jamie Dimon said the US economy remained “resilient” and that “consumers continue to spend, and businesses generally remain healthy.”