Amazon founder Jeff Bezos has joined the ranks of corporate leaders who are sounding the alarm on the U.S. economy, warning of turbulence ahead as recession risks rise.
In an Oct. 19 tweet, Bezos shared footage of Goldman Sachs CEO David Solomon predicting more market volatility in the pipeline and warning it’s likely the U.S. economy will tip into a recession.
“Yep, the probabilities in this economy tell you to batten down the hatches,” Bezos wrote, commenting on Solomon’s remarks.
The Goldman Sachs chief told CNBC in an interview on Oct. 18 that as the Fed fights inflation with aggressive rate hikes, the odds of a recession are relatively high….