to weigh in on the possibility of a slowdown. JPMorgan CEO Jamie Dimon said a number of factors, including geopolitical crises and sustained rate hikes, "may well derail the economy and cause this mild to hard recession that people are worried about." Walmart CEO Doug McMillion, meanwhile, said a recession might be necessary to take down inflation.
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on Thursday, May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan.to organize about 900 workers at an electric vehicle battery plant in Ohio, a joint venture between General Motors and LG Energy Solution.
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