JPMorgan Chase CEO Jamie Dimon warned that a “very, very serious” mix of headwinds was likely to tip both the U.S. and global economy into recession.
he's feeling apprehensive about the U.S. central bank going too far, too fast in its bid to tackle high inflation rates.
Dimon said that while the Fed"waited too long and did too little" as inflation jumped to four-decade highs, the central bank is"clearly catching up." "It can go from very mild to quite hard and a lot will be reliant on what happens with this war. So, I think to guess is hard, be prepared."
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