Published 2 years ago

JP Morgan chair Jamie Dimon says US will face economic 'hurricane'

Summary by Ground News

Jamie Dimon, chairman and CEO of JPMorgan Chase & Co., urged the Federal Reserve to take forceful measures to avoid tipping the world's biggest economy into a recession. Dimon's comments come a day after President Joe Biden met with Federal Reserve Chair Jerome Powell to discuss inflation. The Fed is under pressure to decisively make a dent in an inflation rate that is running at more than three times its 2% goal.

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CNN

Watch: Jamie Dimon says an economic 'hurricane' is coming - CNN Video

Jamie Dimon, CEO of JPMorgan Chase, spoke at the Bernstein Strategic Decisions Conference about economic headwinds. CNN's Christine Romans unpacks his comments.

2 years ago·Atlanta, United States

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Irish Independent

JPMorgan CEO warns of coming economic ‘hurricane’

Jamie Dimon has warned investors to prepare for an economic “hurricane” as the economy struggles against an unprecedented combination of challenges, including tightening monetary policy and Russia’s invasion of Ukraine.

2 years ago·Ireland

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KRDO

Brace yourselves for an economic 'hurricane,' Jamie Dimon says

By Paul R. La Monica, CNN BusinessJamie Dimon is no meteorologist, but the JPMorgan Chase CEO is predicting an economic “hurricane” caused by the war in Ukraine, rising inflation pressures and interest rate hikes from the Federal Reserve.“Right now it’s kind of sunny, things are doing fine. Everyone thinks the Fed can handle this,” Dimon said at a Bernstein conference. “That hurricane is right out there down the road coming our way.”“We just don…

2 years ago·Colorado Springs, United States

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CBS News

Jamie Dimon says interest rate hikes and Ukraine war will cause economic "hurricane"

It won't necessarily be a recession, but expect a rocky road ahead, warns the JPMorgan Chase CEO.

2 years ago

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The Times

Jamie Dimon warns of economic hurricane

The boss of America’s biggest bank has warned of an incoming economic hurricane as the Federal Reserve moves swiftly to curb inflation and commodity prices remain elevated following Russia’s invasion of Ukraine.Jamie Dimon, the head of JPMorgan Chase, said the investment bank is preparing for a stor

2 years ago·London, United Kingdom

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Forbes

Jamie Dimon Warns Of A ‘Hurricane’ Coming Our Way—Here’s What You Need To Know

Jamie Dimon, the CEO of JPMorgan, gave a stern warning to investors. He advised people to prepare for an upcoming economic “hurricane.” Dimon said, “That hurricane is right out there down the road coming our way. We don’t know if it’s a minor one or Superstorm Sandy. You better brace yourself.”

2 years ago·United States

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