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'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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