Jamie Dimon backs Fed Chair Powell amid DOJ probe
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Wall Street's relationship with the Trump administration is souring. Bank executives warned the White House on Tuesday that President Trump's policies and the Justice Department's investigation into Federal Reserve Chairman Jerome Powell could harm the economy.
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.
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.
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.
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.
Leaders like JP Morgan CEO Jamie Dimon argue that EQ and critical thinking are the only skills that will survive the automation wave. Microsoft Satya Nadella would agree, calling emotional intelligence a required workplace skill.
JPMorgan CEO Jamie Dimon isn’t known for making bold price calls. Yet, Dimon made punchy claims during an interview at Fortune’s Most Powerful Women conference in Washington when asked whether he thought gold was overvalued or undervalued.