Jamie Dimon
JPMorgan CEO Jamie Dimon.
  • Wall Street's head honchos are wary of economic threats like inflation, recession, and war.
  • JPMorgan's Jamie Dimon, Goldman's David Solomon, and Citi's Jane Fraser warned against complacency.
  • BlackRock's Larry Fink and Blackstone's Steve Schwarzman flagged fear and uncertainty in markets.

The bosses of Wall Street's biggest firms struck a cautious tone on the US economy during their first-quarter earnings calls, transcripts provided by AlphaSense show.

They suggested inflation and interest rates could drop, and the economy might keep growing and skirt a recession. But they also warned that stubborn price increases, persistently high borrowing costs, a painful downturn, and overseas conflicts are threats that shouldn't be ignored.

Here are the latest warnings from eight financial titans, lightly edited and condensed for clarity: