Dimon Warns Economic Storm Clouds Forming Again Amid High Inflation and Growing Pessimism
• Jamie Dimon warned 2 years ago of impending economic storm clouds, but was wrong as economy grew faster instead • Now Dimon is sounding alarm again due to persistent inflation and skepticism about a soft landing • Fed officials share concerns about potentially persistent inflation stalling progress • Small business index shows owners pessimistic about future sales amid high inflation • More consumers uncertain about making debt payments on time, weighing down economy