Recession is Coming in US Economy. Top Company CEOs Tesla CEO Elon Musk and JPMorgan Chase CEO Jamie Dimon worried about.

The warnings that a recession is coming – including from Tesla CEO Elon Musk and JPMorgan Chase CEO Jamie Dimon

Bill Dates

The central bank hopes to slow down the U.S. economy just enough to curb inflation without sparking a major economic slowdown.

Musk and Dimon are not the only CEOs to get worried. Wells Fargo CEO Charles Scharf says there is "no question" the U.S. economy is headed for a downturn.

Musk and Dimon are not the only CEOs to get worried. Wells Fargo CEO Charles Scharf says there is "no question" the U.S. economy is headed for a downturn.

Musk and Dimon are not the only CEOs to get worried. Wells Fargo CEO Charles Scharf says there is "no question" the U.S. economy is headed for a downturn.

The central bank hopes to slow down the U.S. economy just enough to curb inflation without sparking a major economic slowdown.

Inflation and Recession Are Two Different Things After a brief and barely noticeable one-month respite, inflation rose again in May, this time to 8.6% — the highest rate since 1981.

inflation — which makes you feel poorer — is not the same thing as a recession, which is when the economy moves in the wrong direction.

The difference is that inflation hurts because it negates wage growth. Recessions hurt because they stifle job creation.

When people are pessimistic — as they are now thanks to inflation — they put off big purchases, which slows economic growth