On June 7th, at a bankers‟ conference in Atlanta, CEO of JPMorgan Chase Jamie Dimon took the rare action of publicly questioning Fed Chairman Ben Bernanke in an open forum on banking reform. Dimon‟s actions were viewed by some as the mark of an unprecedented hostility on the part of the banking industry to push back on regulations. During the exchange, Dimon asked Bernanke if he is concerned that “overzealous” regulation will interfere with an economic recovery. Bernanke responded to Dimon‟s accusations that the Fed‟s regulations will stall economic growth by saying that the Fed does not have the quantitative tools to assess the net impact of upcoming regulation. William Poole, former president of the Federal Reserve Bank of St. Louis, said that Dimon has “thrown down the gauntlet” and “now what is needed are detailed studies of the costs of regulations.” We expect that Republicans will use Dimon‟s words to continue to push for the administration to release more economic analysis in advance of rulemaking, especially because Dimon is traditionally viewed as one of the Democrats strongest voices in the banking industry.