Trump says he never offered the Fed chair job to JPMorgan's Dimon

BY Reuters | ECONOMIC | 03:08 PM EST

WASHINGTON, Jan 17 (Reuters) - U.S. President Donald Trump on Saturday said he never offered to nominate JPMorgan (JPM) CEO Jamie Dimon for the job of Federal Reserve chair, contradicting ?a report this week, and added he plans to sue the bank over its ?treatment of him following the January 6, 2021 attack on ?the U.S. Capitol.

In a post on Truth ?Social, Trump blasted ?a Wall Street Journal report that said he offered the Fed chair post ?to Dimon. Trump also wrote he plans ?to sue JPMorgan (JPM) over the next two weeks for allegedly "debanking" him.

A JPMorgan (JPM) spokesperson did not immediately respond ?to a Reuters request for ?comment.

Dimon has ?met with Trump and other White House officials several times in the past year. The president offered to nominate Dimon ?in one of those meetings although the JPMorgan (JPM) boss took the offer as a joke, the Wall Street Journal reported, citing people briefed on the discussion.

Dimon, one of Wall Street's most influential figures, has come out against some of the ?Trump ?administration's policies.

Earlier this week, Dimon

voiced support

for the independence of the Fed, days after the Justice Department opened a criminal ?investigation into current Fed Chair Jerome Powell, whose term expires in May.

Dimon and top JPMorgan (JPM) executives have also

pushed back

on the Trump administration's proposed 10% cap on credit card interest rates, saying it would result in millions of households losing access to credit.

Trump on Wednesday suggested in ?a

Reuters interview

he was inclined to nominate either White House economic adviser Kevin Hassett or former Fed Governor Kevin Warsh to replace Powell.

(Reporting by Jason Lange and ?Chibuike Oguh; Editing by Rod Nickel, Sergio Non and Chris Reese)

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