“What I heard Jamie Dimon just say was that we were potentially going to get hit with a hurricane. It could be a severe rainstorm or it could be worse than that. I think there’s no question about that,” Walsh told CNN’s Poppy Harlow on “Newsroom” when asked if Dimon’s comments on Thursday were correct. “We can’t really predict the future right now. I think it’s uncertain how it’s going to be in the future.”
Dimon said while the outlook appears optimistic, the economy is heading for a rough period.
“Right now it’s kind of sunny, things are doing fine. Everyone thinks the Fed can handle this,” he said. “That hurricane is right out there down the road coming our way.”
He continued, “We just don’t know if it’s a minor one or Superstorm Sandy. You better brace yourself,” Dimon said, adding that JPMorgan Chase is preparing for a “non-benign environment” and “bad outcomes.”
President Joe Biden on Friday said the latest jobs report indicates the nation is settling into a period of “stable, steady growth” and more moderation should come.
CNN’s Chris Isidore contributed to this report.