said Monday that while the U.S. economy is doing well, it would be a"huge mistake" to believe that it will last for years.
Healthy consumer balance sheets and rising wages are supporting the economy, but there are risks ahead, including central banks reining in their liquidity programs, the Ukraine war, and governments around the world"spending like drunken sailors," the executive said."To say the consumer is strong today, so we are going to have a booming environment for years is a huge mistake," he said.
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