JPMorgan CEO Jamie Dimon Warns of Recession — Says ‘Huge Mistake’ to Think US Economy Will Boom for Years
Jamie Dimon, chairman and CEO of JPMorgan Chase, has warned that it is “a huge mistake” to think that the U.S. economy will boom “for years” given that there are so many risks out there. The executive stressed: “I just think people make a mistake to look at real-time numbers and not look at the future. And the future has quantitative tightening. We’ve been spending money like drunken sailors around the world.” Jamie Dimon’s Economic Warning JPMorgan Chase CEO Jamie Dimon warned about where the U.S. economy is headed at the Barclays 21st Annual Global Financial Services Conference in New York on Monday. The executive cautioned: “I just think people make a mistake to look at real-time numbers and not look at the future. And the future has quantitative tightening. We’ve been spending money like drunken sailors around the world, this war in Ukraine is still going on.” Dimon emphasized: To say the consumer is strong today, meaning you are going to have a booming environment for years