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We've all seen The Weather Channel's videos of drenched reporters holding onto the sides of buildings or light poles to escape Mother Nature's wrath, with swirling winds and driving rain adding drama to the images.

So when JPMorgan CEO Jamie Dimon warned investors to "brace yourself" for an economic hurricane, we all took notice. While it is too early to tell whether Mr. Dimon will be an accurate weather prognosticator, it does seem like a good idea to at least check the storm supply checklist and stay focused on the clouds above or on the horizon. 

It was important to see President Biden give a very visible vote of confidence to Fed chairman Powell earlier this week (see our write-up below), and we shall see in the coming weeks and months how this all shakes out − inflation, oil prices, Ukraine, supply chain challenges and so on. 

For now, economic life goes on, and it was another busy week in Washington, in particular, with several significant developments. 

Thank you for your continued interest in Cabinet News and Views. And, once again, we welcome your comments.  

Daniel Meade and Michael Sholem
Co-Editors, Cabinet News and Views

June 2, 2022
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