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Jamie Dimon Says JPMorgan Is Bracing Itself for Economic ‘Hurricane’

  • Says Fed actions, war in Europe create unprecedented challenge
  • Still too soon to say how intense the storm will be, CEO says
Bloomberg business news
WATCH: Dimon speaks about the outlook for the economy.
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Jamie Dimon warned investors to prepare for an economic “hurricane” as the economy struggles against an unprecedented combination of challenges, including tightening monetary policy and Russia’s invasion of Ukraine. 

“That hurricane is right out there down the road coming our way,” the JPMorgan Chase & Co. chief executive officer said at a conference sponsored by AllianceBernstein Holdings Wednesday. “We don’t know if it’s a minor one or Superstorm Sandy. You better brace yourself.”