Bank Chiefs Warn of a Weakening Economy

Jamie Dimon, the chief executive of JPMorgan Chase, warned of a coming storm caused by a combination of “unprecedented” factors: fiscal stimulus during the pandemic, Federal Reserve policy and the war in Ukraine. “It’s a hurricane,” said Mr. Dimon, who leads the nation’s largest lender. “Right now, it’s kind of sunny, things are doing fine. Everyone thinks the Fed can handle this. That hurricane is right out there, down the road, coming our way. We just don’t know if it’s a minor one or superstorm Sandy.” The bank is bracing for turbulence and bad times, he said.