JPMorgan's Dimon Warns of 'Extraordinary Storm Clouds' Threatening US Economy

JPMorgan CEO Jamie Dimon warns of two "extraordinary storm clouds" threatening the US economy unprecedented fiscal spending and quantitative tightening, and geopolitical turmoil from Ukraine war.

Dimon worries about the uncertain outcomes and effects of these storms on the economy.

He expects volatile markets, ongoing inflation, potentially higher interest rates up to 7%, and global relationship shifts.

Dimon is keeping a close eye on these storms and how they will affect the economy, possibly leading to stagflation.

The article reports Dimon's warnings from a recent Bloomberg TV interview.