JPMorgan CEO Jamie Dimon told wealthy clients there’s a chance the US is heading into ‘something worse’ than a recession, report says

JPMorgan CEO Jamie Dimon told wealthy clients there’s a chance the US is heading into ‘something worse’ than a recession, report says

search August 14, 2022 Yahoo News Leave a comment 10 Views

P Morgan CEO Jamie Dimon looks on during the inauguration of the new French headquarters of US' JP Morgan bank on June 29, 2021 in Paris

P Morgan CEO Jamie Dimon looks on during the inauguration of the new French headquarters of US’ JP Morgan bank in June 2021 in Paris.MICHEL EULER/POOL/AFP via Getty Images

  • JPMorgan CEO Jamie Dimon spoke to some of the bank’s wealthy clients on a call Tuesday, Yahoo reported.

  • He said there’s a 20-30% chance of a “harder recession” and equal odds of “something worse.”

  • He described current risks as “storm clouds,” an apparent downgrade from his June warning of a “hurricane.”

JPMorgan CEO Jamie…


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