WASHINGTON—The heads of the largest U.S. banks expressed concerns about the state of the U.S. economy, warning about the risks of high inflation and rising interest rates.
Facing questions from House lawmakers on Wednesday, bank chief executives, including JPMorgan Chase & Co.’s Jamie Dimon and Citigroup Inc.’s Jane Fraser, offered a favorable picture of an industry they say helped the economy recover from a pandemic-induced recession, while showing uncertainty about the future.
