By Matt Peterson and Rebecca Ungarino
JPMorgan Chase CEO Jamie Dimon, the nation's top banker, has some thoughts on the next Federal Reserve chair.
At his bank's private, annual asset-management industry event held this week, Dimon was asked about Kevin Hassett, a top White House economic adviser who is seen as the likeliest successor to Fed Chair Jerome Powell, and Kevin Warsh, a former Fed governor who President Donald Trump considered for chair during his first term.
Hassett, Dimon said, would be most likely to lower interest rates in the short-term, in line with what Trump has said he wants from the Fed.
"Kevin Warsh would make a great chairman," Dimon said, according to people familiar with his remarks.
Dimon said at the event that his firm would be fine under either man.
Trump had described Warsh as one of his top three candidates during the summer but has lately been hinting that Hassett is his choice.
A spokesman for the White House didn't immediately return a request for comment.
Trump has been eager to replace Powell, whom the president blames for keeping interest rates too high. Treasury Secretary Scott Bessent is leading a search for the new chair. He has developed a shortlist of five candidates, including both Hassett and Warsh.
As the longtime chief of the largest U.S. lender, Dimon has cultivated a reputation as a de facto spokesman for the banking industry's interests.
He is well-known for speaking candidly in ways that CEOs with less gravitas wouldn't. Dimon has previously spoken out about the Fed's independence as Trump seeks a replacement for Powell.
"I think the independence of the Fed is absolutely critical," Dimon told reporters in July. "Playing around with the Fed can have adverse consequences, the absolute opposite of what you might be hoping for."
Write to Matt Peterson at matt.peterson@dowjones.com and Rebecca Ungarino at rebecca.ungarino@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
December 12, 2025 14:37 ET (19:37 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Comments