World primed for economic 'storm,' JPMorgan CEO warns

'Central banks came too late to the game' to fight inflation, says Jamie Dimon

20221110N Jamie Dimon

JPMorgan Chase CEO Jamie Dimon sounded the alarm about a potential economic "hurricane" in June. 

YAMATO SATO and AKIRA YAMASHITA, Nikkei staff writers

TOKYO -- Conditions for an economic storm, including monetary tightening, inflation and the war in Ukraine, have all fallen into place, JPMorgan Chase CEO Jamie Dimon told Nikkei, warning that the world could see more "surprises" like the near meltdown of U.K. pension funds.

Dimon had previously predicted an economic "hurricane" in June, challenging the more bullish outlook held by other Wall Street executives at the time.

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