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Jamie Dimon and Ray Dalio warned of an economic disaster that never came. What now?

Many experts thought high interest rates would break the economy and inflation couldn’t be tamed

JPMorgan boss Jamie Dimon had predicted a rough landing for the US economy
JPMorgan boss Jamie Dimon had predicted a rough landing for the US economy Photo: Photo by Win McNamee/Getty Images

In mid-2022, JPMorgan chief executive Jamie Dimon warned that a “hurricane” was about to hit the US economy.

It could be “a minor one or superstorm Sandy”, Dimon said at a financial conference in New York. “You’d better brace yourself.”

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