.Chase CEO Jamie Dimon walks back economic hurricane forecast: ‘Hit by a bit of a storm already'
JPMorgan Chase CEO Jamie Dimon walked back his warning of an economic"hurricane," softening his diagnosis on the state of the economy.
Dimon, a prominent voice in the world of finance, stressed the economic risks could"be nothing" or"could be bad." He contended that the United States was"hit by a bit of a storm already" and should be prepared for both outcomes. Back in June, Dimon spooked investors when he issued the hurricane warning.
Despite walking back the"hurricane" description, the billionaire CEO surmised that there are heightened risks to the economy, ranging from geopolitical events to policies at the Federal Reserve.
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