Jamie Dimon and other big bank CEOs met with Biden’s top economist, Lael Brainard

CNN
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Lael Brainard, President Joe Biden’s top economic adviser, met with JPMorgan Chase CEO Jamie Dimon and other Wall Street CEOs on Wednesday, people familiar with the matter told CNN.

The meeting comes as the banking sector remains in turmoil following the biggest bank failures since 2008.

Brainard, the director of the White House National Economic Council, met with Dimon and other top bank CEOs at an event in Washington hosted by the Financial Services Forum, the sources told CNN.

Beyond Dimon, it’s unclear which CEOs have met with Brainard, but the Financial Services Forum represents executives from eight of the largest U.S. banks. Its members include Jane Fraser, CEO of Citigroup, Brian Moynihan, CEO of Bank of America, and David Solomon, CEO of Goldman Sachs.

It’s unclear what exactly Brainard and bank executives discussed, but U.S. officials and regulators have remained in close contact with banking industry executives following the filing deals that crashed Silicon Valley Bank and Signature Bank earlier this month.

Brainard, who recently moved to the White House from the Federal Reserve, met with Dimon and the other bank CEOs in a series of meetings over the past month with leaders from business, labor, advocacy and academics, one of the sources told CNN. .

Representatives for JPMorgan and the White House declined to comment.

News of Dimon’s planned meeting with Brainard, the former Federal Reserve No. 2 official, was previously reported by Reuters.