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Jamie Dimon says ‘brace yourself’ for an economic hurricane caused by the Fed and Ukraine war


Jamie Dimon, CEO of JP Morgan Chase, seems on CNBC’s Squawk Field on the 2020 World Financial Discussion board in Davos, Switzerland on Jan. twenty second, 2020.

Adam Galica | CNBC

JPMorgan Chase CEO Jamie Dimon says he’s making ready the largest U.S. financial institution for an financial hurricane on the horizon and suggested buyers to do the identical.

“You recognize, I stated there’s storm clouds however I will change it… it is a hurricane,” Dimon stated Wednesday at a monetary convention in New York. Whereas situations appear “effective” in the meanwhile, no person is aware of if the hurricane is “a minor one or Superstorm Sandy,” he added.

“You higher brace your self,” Dimon instructed the roomful of analysts and buyers. “JPMorgan is bracing ourselves and we’ll be very conservative with our stability sheet.”

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