WASHINGTON, DC - APRIL 20: Wells Fargo & Company Chairman and CEO Charlie Scharf is interviewed during an Economic Club of Washington luncheon at the Westin hotel on April 20, 2026 in Washington, DC. The interview touched on Scharf's background, employment history and his views on topics like private credit markets and President Donald Trump's posture with the Federal Reserve and the war in Iran. (Photo by Chip Somodevilla/Getty Images) *** BESTPIX ***

WASHINGTON, DC - APRIL 20: Wells Fargo & Company Chairman and CEO Charlie Scharf (R) and Carlyle Group co-founder and co-chairman David Rubenstein take the stage during an Economic Club of Washington luncheon at the Westin hotel on April 20, 2026 in Washington, DC. Rubenstein interviewed Scharf about his background, employment history and his views on topics like private credit markets and President Donald Trump's posture with the Federal Reserve and the war in Iran. (Photo by Chip Somodevilla/Getty Images)

WASHINGTON, DC - APRIL 20: Wells Fargo & Company Chairman and CEO Charlie Scharf is interviewed during an Economic Club of Washington luncheon at the Westin hotel on April 20, 2026 in Washington, DC. The interview touched on Scharf's background, employment history and his views on topics like private credit markets and President Donald Trump's posture with the Federal Reserve and the war in Iran. (Photo by Chip Somodevilla/Getty Images)

WASHINGTON, DC - APRIL 20: Wells Fargo & Company Chairman and CEO Charlie Scharf is interviewed during an Economic Club of Washington luncheon at the Westin hotel on April 20, 2026 in Washington, DC. The interview touched on Scharf's background, employment history and his views on topics like private credit markets and President Donald Trump's posture with the Federal Reserve and the war in Iran. (Photo by Chip Somodevilla/Getty Images)

WASHINGTON, DC - APRIL 20: Wells Fargo & Company Chairman and CEO Charlie Scharf (L) is interviewed by Carlyle Group co-founder and co-chairman David Rubenstein during an Economic Club of Washington luncheon at the Westin hotel on April 20, 2026 in Washington, DC. The interview touched on Scharf's background, employment history and his views on topics like private credit markets and President Donald Trump's posture with the Federal Reserve and the war in Iran. (Photo by Chip Somodevilla/Getty Images)

WASHINGTON, DC - APRIL 20: Wells Fargo & Company Chairman and CEO Charlie Scharf (L) is interviewed by Carlyle Group co-founder and co-chairman David Rubenstein during an Economic Club of Washington luncheon at the Westin hotel on April 20, 2026 in Washington, DC. The interview touched on Scharf's background, employment history and his views on topics like private credit markets and President Donald Trump's posture with the Federal Reserve and the war in Iran. (Photo by Chip Somodevilla/Getty Images)

WASHINGTON, DC - APRIL 20: Wells Fargo & Company Chairman and CEO Charlie Scharf (L) is interviewed by Carlyle Group co-founder and co-chairman David Rubenstein during an Economic Club of Washington luncheon at the Westin hotel on April 20, 2026 in Washington, DC. The interview touched on Scharf's background, employment history and his views on topics like private credit markets and President Donald Trump's posture with the Federal Reserve and the war in Iran. (Photo by Chip Somodevilla/Getty Images)

WASHINGTON, DC - APRIL 20: Wells Fargo & Company Chairman and CEO Charlie Scharf (L) is presented with a framed copy of the U.S. Declaration of Independence by Carlyle Group co-founder and co-chairman David Rubenstein during an Economic Club of Washington luncheon at the Westin hotel on April 20, 2026 in Washington, DC. The interview touched on Scharf's background, employment history, and his views on topics like private credit markets and President Donald Trump's posture with the Federal Reserve and the war in Iran. (Photo by Chip Somodevilla/Getty Images)