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John Carney<\/a> – June 1, 2022<\/p>\n A few weeks ago J.P. Morgan Chase chief Jamie Dimon warned that there were storm clouds looming over the U.S. economy.<\/p>\n Now he wants to upgrade the storm forecast to a hurricane warning.<\/p>\n \u201cI said there were storm clouds, big storm clouds. It\u2019s a hurricane,\u201d Dimon said at a conference Wednesday. \u201cRight now it\u2019s kind of sunny, things are doing fine, everyone thinks the Fed can handle it. That hurricane is right out there down the road coming our way. We don\u2019t know if it\u2019s a minor one or Superstorm Sandy. You better brace yourself.\u201d<\/p>\n Dimon\u2019s remarks were reported<\/a> by Bloomberg News.<\/p>\n Dimon warned that the Fed\u2019s plan to shrink its balance sheet, often referred to as quantitative tightening or QT, was also introducing new risks.<\/p>\n \u201cWe\u2019ve never had QT like this, so you\u2019re looking at something you could be writing history books on for 50 years,\u201d Dimon added, according to CNBC<\/a>.<\/p>\n The Fed has said it will begin to shrink its balance sheet this month by letting maturing bonds roll off at an initial pace of $47.5 billion per month. That is scheduled to double to $95 billion a month in September.<\/p>\n https:\/\/www.breitbart.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" John Carney – June 1, 2022 A few weeks ago J.P. Morgan Chase chief Jamie Dimon warned that there were storm clouds looming over the U.S. economy. Now he wants to upgrade the storm forecast to a hurricane warning. \u201cI said there were storm clouds, big storm clouds. It\u2019s a hurricane,\u201d Dimon said at a … Continue reading Jamie Dimon Warns of Economic \u2018Hurricane\u2019<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[18],"tags":[36,149,16732,5725],"class_list":["post-21042","post","type-post","status-publish","format-standard","hentry","category-warning","tag-disaster","tag-economy","tag-j-p-morgan-chase","tag-jamie-dimon"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p8fAkI-5to","_links":{"self":[{"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/posts\/21042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/comments?post=21042"}],"version-history":[{"count":1,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/posts\/21042\/revisions"}],"predecessor-version":[{"id":21044,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/posts\/21042\/revisions\/21044"}],"wp:attachment":[{"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/media?parent=21042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/categories?post=21042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/setapartbytruth.org\/wordpress-watchman\/wp-json\/wp\/v2\/tags?post=21042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}