JPMorgan Chase CEO Jamie Dimon on Tuesday warned against relying on the economic forecasts of central banks like the Federal Reserve, recalling how...
JPMorgan Chase CEO Jamie Dimon on Tuesday warned against relying on the economic forecasts of central banks like the Federal Reserve, recalling how their projections were"100% dead wrong" in the not-so-distant past.
"Prepare for possibilities and probabilities, not calling one course of action, since I've never seen anyone call it," Dimon said during a panel discussion at the Future Investment Initiative conference in Saudi Arabia, per CNBC. "I want to point out the central banks 18 months ago were 100% dead wrong," he continued, according to the outlet....
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JPMorgan CEO Jamie Dimon: Central banks have been 'dead wrong'JPMorgan Chase CEO Jamie Dimon slammed central banks like the Federal Reserve for being '100% dead wrong' when they tried to paint inflation as 'transitory' 18 months ago.
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Jamie Dimon: Central Banks Got It '100% Dead Wrong'Central banks failed to foresee inflation coming at them 18 months ago and got their financial forecasting '100% dead wrong,' JPMorgan Chase CEO Jamie Dimon said at the economic conference in Riyiadh, Saudi Arabia.
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Jamie Dimon rips central banks for being ‘100% dead wrong' on economic forecasts“Prepare for possibilities and probabilities, not calling one course of action, since I’ve never seen anyone call it,” Dimon said in Saudi…
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Jamie Dimon rips central banks for being '100% dead wrong' on economic forecasts'Prepare for possibilities and probabilities, not calling one course of action, since I've never seen anyone call it,' Dimon said in Saudi Arabia.
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JPMorgan's Dimon and BlackRock's Fink both see parallels to the 1970sSteven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: MKTWgoldstein.
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Jamie Dimon: 'The most serious thing facing mankind is nuclear proliferation'International bodies and proliferation experts warn that the danger of nuclear weapons use is higher than it's been in decades.
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