{"id":33218,"date":"2022-06-02T06:02:58","date_gmt":"2022-06-02T06:02:58","guid":{"rendered":"https:\/\/harchi90.com\/jamie-dimon-head-of-largest-us-bank-predicts-economic-hurricane-deadline\/"},"modified":"2022-06-02T06:02:58","modified_gmt":"2022-06-02T06:02:58","slug":"jamie-dimon-head-of-largest-us-bank-predicts-economic-hurricane-deadline","status":"publish","type":"post","link":"https:\/\/harchi90.com\/jamie-dimon-head-of-largest-us-bank-predicts-economic-hurricane-deadline\/","title":{"rendered":"Jamie Dimon, Head Of Largest US Bank, Predicts \u201cEconomic Hurricane\u201d – Deadline"},"content":{"rendered":"
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JPMorgan Chase CEO Jamie Dimon is telling investors to batten down the hatches, as the Ukraine war and the Federal Reserve’s monetary policy are potentially creating an economic hurricane.<\/p>\n

Dimon, speaking at a financial conference sponsored by AllianceBernstein, said, \u201cIt’s a hurricane. Right now, it’s kind of sunny, things are doing fine, everyone thinks the Fed can handle this, \u201daccording to Bloomberg.<\/p>\n

However, \u201cThat hurricane is right out there, down the road, coming our way,\u201d he added. \u201cWe just don’t know if it’s a minor one or Superstorm Sandy or Andrew or something like that. You better brace yourself. “<\/p>\n

Dimon’s warning echoed one made earlier by former Goldman Sachs CEO Lloyd Blankfein, who told CBS talk show Face the Nation<\/em> last month that there is a \u201cvery, very high risk\u201d factor for an economic recession.<\/p>\n

The Federal Reserve is shedding nearly $ 9 trillion in bond holdings, and are looking to enact another interest rate raise at their meeting in June.<\/p>\n

\u201cJPMorgan is bracing ourselves and we’re going to be very conservative with our balance sheet,\u201d Dimon said.<\/p>\n<\/p><\/div>\n