The CEO of Wells Fargo warned Tuesday that there is “no question” that the U.S. economy is going to get worse before it gets better.
“It’s going to be hard to avoid some kind of recession,” CEO Charles Scharf said during a Wall Street Journal event.
Wells Fargo CEO Warns ‘No Question’ Worst Is yet to Come for Americans
Charles Scharf, CEO of Wells Fargo speaks at the 2021 Milken Institute Global Conference in Beverly Hills, Calif., on Oct. 18, 2021. David Swanson/Reuters
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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