Trump Plans to Sue JPMorgan Chase

Donald Trump announced on social media that he plans to sue JPMorgan Chase.

He claims the bank closed his accounts because of his political activities, especially after the January 6th protest at the U.S. Capitol.

JPMorgan Chase denies this and says they do not close accounts for political reasons.

Trump also denied rumors that he offered Jamie Dimon, the CEO of JPMorgan Chase, the position of Federal Reserve Chair.

Dimon himself said he would never consider that job.

Meanwhile, Jerome Powell, the current Fed Chair, mentioned that the Justice Department has been investigating the Fed for not cutting interest rates.

Both Trump and Dimon have expressed their support for the independence of the Federal Reserve.