JPMorgan Chase & Co. CEO Jamie Dimon told Nikkei on Friday in an interview that the scene for an economic "storm" has been set as all the conditions he previously talked about took place.
"The storm I was talking about, or the potential storm, includes inflation, higher rates, global tightening, quantitative tightening and the effect of the war on the global economy, particularly oil prices, food prices, supply chain issues," Dimon said adding that all of these things "kind of happened."
He further noted that although the central banks have been raising their interest rates in an effort to combat the raging inflation, they "came too late to the game."
