Jamie Dimon says to be prepared for recession

News Snapshot:

New York CNN — JPMorgan Chase CEO Jamie Dimon issued a stark warning to Wall Street on Wednesday: Inflation could rise further and recession is not off the table. “A lot of things out there are dangerous and inflationary. Be prepared,” he said at the 2023 New York Times DealBook Summit in New York. “Interest rates may go up and that might lead to recession.” Governments across the globe need more money, he said, to fund the green economy, remilitarize and to address energy crises — and that will all be inflationary. “I’m cautious about the economy,” he said. The...