JPMorgan Chase CEO Says Brace for Economic ‘Hurricane’ Due to Inflation

JPMorgan Chase CEO Says Brace for Economic ‘Hurricane’ Due to Inflation
JP Morgan CEO Jamie Dimon looks on during the inauguration the new French headquarters of JP Morgan bank in Paris, on June 29, 2021. Michel Euler/Pool via Reuters
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The United States is looking at an economic “hurricane” of challenges down the road and the Federal Reserve must take strong precautions to avoid a recession, a top banking official has warned.

“It’s a hurricane,” Jamie Dimon, CEO of JPMorgan Chase & Co., told a banking conference, adding that it was unprecedented.

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