Jamie Dimon made those comments at an AllianceBernstein investment conference on Wednesday, June 1st - an appropriate amount of lag to make an update in his weather forecast given how much has changed since that time.
The direct quote:
“Right now it’s kind of sunny, things are doing fine. Everyone thinks the Fed can handle this. That hurricane is right out there down the road coming our way.”
The prediction of an economic “hurricane” was in reference to the war in Ukraine, rising inflation pressures, and interest rate hikes from the Federal Reserve.
Jamie Dimon made those comments at an AllianceBernstein investment conference on Wednesday, June 1st - an appropriate amount of lag to make an update in his weather forecast given how much has changed since that time.
The direct quote:
“Right now it’s kind of sunny, things are doing fine. Everyone thinks the Fed can handle this. That hurricane is right out there down the road coming our way.”
The prediction of an economic “hurricane” was in reference to the war in Ukraine, rising inflation pressures, and interest rate hikes from the Federal Reserve.