According to TechFlow, JPMorgan Chase CEO Jamie Dimon issued several warnings about the US economy at a recent summit, saying that inflation may remain high for a long time and the US economy may go into recession due to rising interest rates.
CEO Jamie Dimon said: I see a lot of things that are both dangerous and inflationary, and I would just say be prepared, interest rates may rise, whether it is short-term interest rates or 10-year interest rates, be prepared for the possibility of a recession.
Back in September, Dimon warned that the Federal Reserve could raise interest rates to 7%, which could lead the U.S. economy into stagflation. In October, he disclosed his observations of two extraordinary storm clouds affecting the U.S. economy.