Dimon Challenges Bernanke in Wall Street Bid to Tame Rules

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon’s public questioning of Federal Reserve Chairman Ben S. Bernanke on bank regulatory costs has “thrown down the gauntlet” in the industry’s increasingly aggressive fight to curb higher capital requirements and other rules.

“They threw out the first ball, now can they play the game?” said William Poole, former president of the Federal Reserve Bank of St. Louis, in an interview yesterday. “How persuasively can Dimon and others make their case?”