Wall Street CEOs Uncertain Fed Can Achieve Soft Landing

WASHINGTON—The heads of the largest U.S. banks expressed concerns about the state of the U.S. economy as they began two days of questioning Wednesday from Congress.

Bank chief executives, including JPMorgan Chase & Co.’s Jamie Dimon, Citigroup Jane Fraser and Wells Fargo & Co.’s Charles Scharf, offered a favorable picture of an industry they say helped the economy recover from a pandemic-induced recession while warning of risks on the horizon.

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