JPMorgan Chase CEO Jamie Dimon says he “shouldn’t ever use the word hurricane” when warning about the U.S. economy. However, he insisted that there are “storm clouds” that “could be a hurricane.”
JPMorgan CEO Jamie Dimon on US Economy
The chief executive of global investment bank JPMorgan Chase, Jamie Dimon, discussed the U.S. economy in an interview with Fox Business Tuesday.
Regarding his previous warning about an incoming economic hurricane that everybody should brace for, Dimon said:
I shouldn’t ever use the word hurricane.
He clarified: “What I said was there were storm clouds which may mitigate, and people said, ‘Oh, he doesn’t think it’s a big deal.’ So I said, ‘No, those storm clouds could be a hurricane.’”
The JPMorgan boss emphasized that he is not predicting a specific scenario, adding that what he is warning about could “be nothing” or “could be bad.” He stated: “I think we should understand that I’m not predicting one or the other,
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