JPMorgan CEO Jamie Dimon warns Justice Department subpoenas against the Federal Reserve could raise inflation expectations and undermine independence.

Jamie Dimon on Tuesday defended the Federal Reserve after it was subpoenaed by the Justice Department, saying that “anything that chips away” at the central bank’s independence “is not a good idea.”Dimon,

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.

JPMorgan Chase CEO Jamie Dimon has emerged again as a fervent supporter of Federal Reserve chief Jerome Powell. His backing comes on the heels of Powell’s announcement that the Department of Justice had issued a subpoena against the central bank.

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 U.S. economy is "resilient," JPMorgan Chase CEO Jamie Dimon said Tuesday, but investors should remain wary of a range of possible "hazards" ahead.

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.

America's biggest bank by assets, JPMorgan Chase, reported fourth-quarter earnings on Tuesday.

Federal Reserve Chair Jerome Powell announced Sunday that he's being investigated by the Justice Department over his testimony on renovations to the Federal Reserve building in Washington, D.C. CBS News' Katrina Kaufman and Nancy Cordes have the latest.