JPMorgan Chase CEO warns of Economic Hurricane
That hurricane is right out there down the road, coming our way.
We just don’t know if it’s a minor one or Superstorm Sandy or Andrew or something like that, and you better brace yourself,”
The JPMorgan Chase chief executive spotlighted two issues he was concerned about
The Russia-Ukraine war and how it is affecting rising prices for fuel
Food, and the Fed’s efforts to raise interest rates and reduce its balance sheet to tackle inflation
There have been unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that have affected our economy badly
“We’re not taking the proper actions to protect Europe from what’s going to happen to oil in the short run,”