Dimon Warns of Further Inflation, Possible Recession Despite Resilient Job Market
• JPMorgan Chase CEO Jamie Dimon warned that inflation could rise further and recession is possible • He said governments need more money to fund green economy, remilitarization, energy crises - all inflationary • Dimon is "cautious about the economy" though the US labor market has been resilient • He said stimulus money and Fed quantitative easing caused an economic "sugar high" that's fading • Dimon previously said the Fed may hike rates by another 1.5 percentage points to 7% to fight inflation