{"id":456520,"date":"2022-06-01T22:07:57","date_gmt":"2022-06-01T19:07:57","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/jpmorgan-ceo-jamie-dimon-warns-an-economic-hurricane-is-coming\/"},"modified":"2022-06-01T22:07:57","modified_gmt":"2022-06-01T19:07:57","slug":"jpmorgan-ceo-jamie-dimon-warns-an-economic-hurricane-is-coming","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/jpmorgan-ceo-jamie-dimon-warns-an-economic-hurricane-is-coming\/","title":{"rendered":"#JPMorgan CEO Jamie Dimon warns an economic &#8216;hurricane&#8217; is coming"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a400bfb2ac13\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a400bfb2ac13\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/jpmorgan-ceo-jamie-dimon-warns-an-economic-hurricane-is-coming\/#%E2%80%9CJPMorgan_CEO_Jamie_Dimon_warns_an_economic_%E2%80%98hurricane_is_coming%E2%80%9D\" >&#8220;JPMorgan CEO Jamie Dimon warns an economic &#8216;hurricane&#8217; is coming&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CJPMorgan_CEO_Jamie_Dimon_warns_an_economic_%E2%80%98hurricane_is_coming%E2%80%9D\"><\/span>&#8220;JPMorgan CEO Jamie Dimon warns an economic &#8216;hurricane&#8217; is coming&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>JPMorgan Chase boss Jamie Dimon urged investors Wednesday to prepare themselves for turbulence in the market in the weeks ahead \u2013 warning that extraordinary financial circumstances were creating a potential \u201churricane\u201d for the economy.<\/p>\n<p>Dimon, the head of the largest US bank, said factors such as the Russian invasion of the Ukraine and the Federal Reserve\u2019s move to tighten monetary policy due to decades-high inflation could stoke chaotic conditions in the market.<\/p>\n<p>\u201cIt\u2019s a hurricane. Right now, it\u2019s kind of sunny, things are doing fine, everyone thinks the Fed can handle this,\u201d Dimon said during a conference sponsored by AllianceBernstein, according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-06-01\/jamie-dimon-says-bank-is-bracing-itself-for-economic-hurricane?srnd=premium\">Bloomberg<\/a>.<\/p>\n<p>\u201cThat hurricane is right out there, down the road, coming our way,\u201d he added. \u201cWe just don\u2019t know if it\u2019s a minor one or Superstorm Sandy or Andrew or something like that. You better brace yourself.\u201d<\/p>\n<p>The Federal Reserve is set to begin shedding its nearly $9 trillion in bond holdings this month in a process known as \u201cquantitative tightening.\u201d Central bank officials are also expected to enact another half-percentage point interest rate at their meeting later this month.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/dimon.web_.jpg?w=1024\" alt=\"Jamie Dimon is warning of chaotic market conditions in the weeks ahead.\" class=\"wp-image-22497339\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/dimon.web_.jpg?quality=75&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/dimon.web_.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/dimon.web_.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Jamie Dimon is warning of chaotic market conditions in the weeks ahead.<\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Jamie-Dimon-67.jpg?w=1024\" alt=\"Jamie Dimon\" class=\"wp-image-22491278\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Jamie-Dimon-67.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Jamie-Dimon-67.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Jamie-Dimon-67.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Dimon is the chief executive officer of JPMorgan Chase &amp; Co.<\/figcaption><figcaption><span class=\"credit\">Bloomberg via Getty Images<\/span><\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Jamie-Dimon-66.jpg?w=1024\" alt=\"Jamie Dimon\" class=\"wp-image-22491277\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Jamie-Dimon-66.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Jamie-Dimon-66.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Jamie-Dimon-66.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Jamie Dimon said investors should \u201cbrace\u201d for a possible market \u201churricane.\u201d<\/figcaption><figcaption><span class=\"credit\">Bloomberg via Getty Images<\/span><\/figcaption><\/figure>\n<p>The Fed is cutting off the pandemic-era flow of cheap money and tightening credit as it aims to bring down consumer prices to acceptable levels. But the Fed\u2019s hawkish policy shift has spooked investors who fear it will result in a recession. \u00a0<\/p>\n<p>Meanwhile, the Russia-Ukraine war has prompted further disruptions to global supply chains and contributed to an international energy crisis that has resulted in record-high gas prices for American motorists \u2013 with benchmark oil prices well above $100 per barrel.<\/p>\n<p>\u201cJPMorgan is bracing ourselves and we\u2019re going to be very conservative with our balance sheet,\u201d Dimon added.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Jerome-Powell-_66.jpg?w=1024\" alt=\"Jerome Powell\" class=\"wp-image-22491272\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Jerome-Powell-_66.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Jerome-Powell-_66.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Jerome-Powell-_66.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Fed Chair Jerome Powell is leading an aggressive response to the inflation crisis.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>Dimon\u2019s comments showed that his meteorological take on the markets has darkened further from just a few weeks ago, when he told analysts during a conference call that he saw \u201cstorm clouds on the horizon\u201d for the US economy due to the unprecedented market conditions.<\/p>\n<p>\u201cI hope those things dis<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ear and go away, we have a soft landing and the war is resolved,\u201d Dimon said at the time. \u201cI just wouldn\u2019t bet on all of that.\u201d<\/p>\n<p>Dimon has expressed major concerns about the long-term effects of the Russia-Ukraine war. Earlier this month, he called the brutal invasion a potential \u201cdisaster\u201d for the global economy that could trigger an economic recession.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Russia-Ukraine-war-71.jpg?w=1024\" alt=\"Destroyed car in Ukraine\" class=\"wp-image-22491306\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Russia-Ukraine-war-71.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Russia-Ukraine-war-71.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/Russia-Ukraine-war-71.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>The Russia-Ukraine war had further upended global supply chains.<\/figcaption><figcaption><span class=\"credit\">AP<\/span><\/figcaption><\/figure>\n<p>\u201cBasically, the Cold War is back,\u201d the JPMorgan chief told Bloomberg. \u201cI think the whole world learned something that we always knew \u2013 that national security is always the most important thing, but it kind of recedes in the background when we\u2019re all doing well.\u201d<\/p>\n<p>Dimon added there was a \u201cchance\u201d that the Russia-Ukraine war could last for \u201cyears\u201d \u2013 an outcome that would \u201ccompletely rattle global energy markets, wheat markets, commodity markets.\u201d\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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Dimon, the head of the largest US bank, said factors such&#8230;<\/p>\n","protected":false},"author":1,"featured_media":456521,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/dimon.web_.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[129804,5069,70550,70551,70791,70792,91261,127049],"class_list":["post-456520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-6-1-22","tag-economy","tag-federal-reserve","tag-inflation","tag-jamie-dimon","tag-jpmorgan-chase","tag-recession","tag-the-fed"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/456520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=456520"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/456520\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/456521"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=456520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=456520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=456520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}