JPMorgan Chase CEO Jamie Dimon is urging investors to topple Luke as the Ukraine war and Federal Reserve monetary policy create a potential economic storm.
Speaking at a financial conference sponsored by Allianceburnstein, Dimon said: “It’s a storm. It’s a little sunny now, everything is fine, everybody thinks the Fed can handle it. Bloomberg.
However, he added, “this storm is right there, coming our way.” “We don’t know if it’s just a minor hurricane or super Sandy or Andrew or something like that. You’d better get ready.”
Dimon’s warning was echoed by former Goldman Sachs CEO Lloyd Blankfein, who spoke to the CBS talk show. look at the nation Last month, there was a “very, very high risk” factor for the economic downturn.
The Federal Reserve is laying out almost $9 trillion in bonds and is looking to introduce another rate hike at its June meeting.
“JPMorgan is sticking with that and we’re going to be very conservative about our balance sheet,” Dimon said.
Source: Deadline
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