JPMorgan Chase CEO Jamie Dimon on Tuesday criticized central banks for providing poor guidance on the economy as he warned of unpredictable waters ahead.
''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 summit in Riyadh, Saudi Arabia. 'I want to point out the central banks 18 months ago were 100% dead wrong.' Also during the discussion, the head of the largest U.S. bank by assets said he favors ESG principles but said governments have taken a 'whack-a-mole' approach.
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