Jamie Dimon says be prepared for US economic 'storm' due to inflation
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Jamie Dimon's remarks come a day after President Joe Biden discussed inflation with
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Federal Reserve Chairman Jerome Powell, which is hovering at a 40-year high.
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"I don't think that at the end of this year, our crystal ball is essentially better than
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others relative to 2023, 2024 macro. Clearly, we're going to see different impacts acrossv
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different businesses with Fed actions,” GE CEO Larry Culp, told the conference.
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Still, not everyone in corporate America is seeing a recession.
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"Most of the markets we serve are still pretty strong,"
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said Caterpillar Inc. CEO Jim Umpleby.
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"And our challenge at the moment is, quite frankly, the supply chain,
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our ability to supply enough equipment to meet all the demand," he said.
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