How Jamie Dimon's 'hurricane' warning compares to what other big-time CEOs are saying
Economy And Jobs,Recession,Inflation,CEOs,Business,Banking And Finance
JP Morgan CEO Jamie Dimon sent shockwaves through markets and C-suites on Wednesday in a free-wheeling interview at an investment banking conference.
Speaking at a conference sponsored by AllianceBernstein Holdings, Dimon said that the U.S. economy is facing a "hurricane" as the Federal Reserve continues its process of normalizing interest rates.
"Right now, it's kind of sunny, things are doing fine," Dimon told the conference. "Everyone thinks the Fed can handle this. 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 got to brace yourself."
Yahoo Finance recently spoke with a few CEOs at the World Economic Forum and on Yahoo Finance Live. Here is what they told us about their perspective on the direction of the economy.
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