WALL STREET WARNING: Top CEOs sound alarm about US recession as inflation rages
Former IMF Chief Economist Kenneth Rogoff discusses Biden claiming that Democrats are ‘fiscally responsible’ on ‘Fox Business Tonight.’
Speaking at Saudi Arabia's investment conference in Riyadh — nicknamed "Davos in the Desert" — both Goldman Sachs CEO David Solomon and JPMorgan Chase CEO Jamie Dimon struck a pessimistic tone about the state of theSolomon said he anticipates that economic conditions would "tighten meaningfully from here," and that the Fed could hike rates beyond the expected peak range 4.5% to 4.75% if inflation does not cool and the labor market remains extremely tight.
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview in London, U.K., on Wednesday, May 4, 2022.
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