Trump Takes Aim at Old Friend with Legal Threat

Donald Trump recently took to social media to express his frustration with Jamie Dimon, the CEO of JPMorgan Chase.

The Alleged Job Offer

Trump claimed that a Wall Street Journal article falsely stated he had offered Dimon a job as the Federal Reserve Chairman. He denied this claim and announced plans to sue JPMorgan Chase for closing his accounts after the January 6th protest.

The Treasury Secretary Denial

Trump also denied ever considering Dimon for the role of treasury secretary. He has been upset with JPMorgan Chase since they closed some of his accounts in 2021, which he saw as discriminatory.

Dimon's Stance on the Federal Reserve

Dimon has been vocal about his concerns regarding Trump's actions, including the investigation into Federal Reserve Chair Jerome Powell.

• Dimon expressed his respect for Powell and the importance of the Federal Reserve's independence.
• He believes that any interference could lead to higher inflation expectations and interest rates.

Trump's Counterargument

Trump, however, has a different view. He thinks that lower interest rates are needed and suggested that Dimon might want higher rates for his own benefit.

A Rocky Relationship

The relationship between Trump and Dimon has been rocky, with moments of peace and tension. Their latest disagreement has reignited old tensions, with Trump taking legal action against the bank.