Trump and Dimon Are Talking Again After Yearslong Rift

America's most powerful banker and the president have met twice in the past two months

- Alexander Saeedy & Annamaria Andriotis

JPMorgan Chase Chief Executive Jamie Dimon visited the White House twice in the past two months, a sign of détente after years of tension between the head of America's biggest bank and President Trump.

Last week, Dimon met with Trump in the Oval Office to discuss the economy, trade and financial regulation, people familiar with the matter said. Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick were also in attendance, the people said.

At the meeting, Dimon congratulated Trump on his recent trade deal with Japan. They discussed the continuing shortage of affordable housing and the impact of post-2008 financial crisis regulations on American homeownership, the people said.

Their conversation also broached a topic they have publicly disagreed on: interest rates. Trump has continually bashed Federal Reserve chair Jerome Powell over the central bank's monetary policy and has threatened to remove him. Dimon has been steadfast in his support of Powell and the Fed's independence more broadly, adding that political attempts to force interest rates lower often have the opposite effect.