Jamie Dimon Forecasts a Potential Recession
JPMorgan Chase CEO Jamie Dimon raises concerns about the U.S. economy, hinting at a looming recession.
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He emphasized that it's naive to expect the U.S. economy to prosper indefinitely, particularly with the backdrop of quantitative tightening and the ongoing war in Ukraine, which only compounds the uncertainties.
“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 remarked.
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