JP MORGAN CHASE(US:JPM) MINT·2026-01-18 02:42Core Viewpoint - US President Donald Trump has publicly criticized Jamie Dimon, CEO of JPMorgan Chase & Co., regarding claims that Dimon was offered the position of US Federal Reserve chairman and subsequently turned it down. Trump has also threatened legal action against the bank, alleging he was debanked following the January 6 Capitol riot in 2021 [1][2][12]. Group 1: Allegations and Responses - Trump refuted claims that Dimon was offered the Fed chair position, stating on social media that "this statement is totally untrue" and announcing plans to sue JPMorgan for allegedly debanking him [2][4]. - Dimon has denied any job offers from Trump and expressed respect for the current Treasury Secretary, Scott Bessent, stating he believes Bessent is doing an excellent job [10][12]. - JPMorgan responded to Trump's allegations by emphasizing that no accounts should be closed due to political or religious beliefs, indicating their commitment to addressing political debanking [8][12]. Group 2: Context of Debanking - The term "debanking" refers to banks terminating or limiting relationships with customers due to perceived risks, which can include regulatory concerns, money laundering, or being a Politically Exposed Person (PEP) [6][7]. - Trump previously claimed that JPMorgan discriminated against him by closing accounts he had maintained for decades after the Capitol riot [6]. Group 3: Dimon's Position on Fed Independence - Dimon has publicly stated that undermining the independence of the Federal Reserve is "not a great idea," warning it could lead to higher inflation and interest rates over time [11][12].