Trump Says Dimon ‘Wrong’ to Criticize DOJ Probe of Fed’s Powell

President Donald Trump dismissed Jamie Dimon’s criticism over the Justice Department probe into the Federal Reserve, saying the JPMorgan Chase & Co. chief executive officer was “wrong” to suggest he was undermining the independence of the central bank.

“I think it’s fine what I’m doing,” Trump said. “And we have a bad Fed person.”

Earlier Tuesday, Dimon expressed concern about the investigation into Fed Chair Jerome Powell over the cost of the central bank’s headquarters renovation and his subsequent congressional testimony about the project.

Jamie Dimon

Photographer: Eva Marie Uzcategui/Bloomberg

“Everyone we know believes in Fed independence,” Dimon said. “And anything that chips away ...