TechFlow — Morgan Stanley CEO Jamie Dimon has issued multiple warnings about the U.S. economy during a recent summit, stating that inflation could remain elevated for an extended period and that rising interest rates might push the economy into recession.
CEO Jamie Dimon said: "I see many things that are both dangerous and inflationary. I just want to say, be prepared—interest rates could rise, both short-term and 10-year rates. Be ready for the possibility of a recession."
As early as September, Dimon warned that the Federal Reserve might raise interest rates to 7%, which could lead the U.S. economy into stagflation.
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