Wall Street leaders warn the consequences of the severe price: NPR

Actions Sweeping wildly For a third consecutive day in response to the American prices spread to come, many of which should come into force on Wednesday. Now, some Wall Street leaders warn that more economic pain may be in advance.

The business world has generally attempted to avoid criticizing Trump in public and praised their promises to lower taxes and deregulation. But the current sale on the market seems to have loose more languages ​​in the financial sector.

The CEO of JPMorgan Chase, Jamie Dimon, who heads the largest American bank and is one of the most powerful leaders in Wall Street, warned on Monday that prices would increase prices, the slowdown in economic growth and harm the country’s global position.

“The more quickly, this problem is solved, the better because some of the negative effects increase cumulatively over time and would be difficult to reverse,” Dimon wrote in his annual letter to shareholders. “In the short term, I see it as a large additional straw on the back of the camel.”

The chief economist of JPMorgan warned last week that the prices will change the United States in a recession this year. Dimon Monday did not go so far, writing that if the prices provoke a recession “remains in question”.

He noted that his “most serious concern is how it will affect America’s long -term economic alliances”.

Dimon is one of the few CEOs who had previously disseminated soft public concerns about Trump’s trade policy: “uncertainty is not a good thing,” he said at a conference last month.

Goldman Sachs increased his prediction on Monday for the probability of a recession from 35% to 45%.

Analysts of the investment bank allocated the revision upwards to “a net tightening of financial conditions, boycotts of foreign consumers and a continuous peak of political uncertainty which is likely to reduce capital spending more than what we had supposed before.”

Trump was questioned by journalists on the market on the market on Sunday evening and the amount of pain in the markets that he would be ready to tolerate.

“I think your question is so stupid. I mean, I don’t want nothing to drop, but sometimes you have to take medication to repair something,” he said.

Trump added that he thought that inflation would not really be a problem for people who started back to school purchases at the end of summer and early fall. “I don’t think inflation will be a big problem,” he said.

But even some Trump’s vocal supporters on Wall Street began to ring the alarm.

In a long thread published on X on Sunday, the Millionaire Billionaire Bilk Ackman’s Hair Fund manager called the prices of “economic nuclear war from all the countries of the world”.

Ackman, who approved Trump before the elections last year, said that the trade war forced consumers to stop spending money and driving investments – injuring small and medium -sized enterprises in particular.

“Business is a game of trust,” he said. “The president loses the confidence of business leaders around the world.”

Ackman said Trump could instead “call 90 days, negotiate and resolve unjust asymmetrical tariff agreements and induce billions of new investments in our country”.