Jeff Bezos Sours on Biden's Economy, Says It's Time to ‘Batten down the Hatches’

Amazon founder Jeff Bezos has joined the ranks of corporate leaders who are sounding the alarm on the U.S. economy, warning of turbulence ahead as recession risks rise.

In an Oct. 19 tweet, Bezos shared footage of Goldman Sachs CEO David Solomon predicting more market volatility in the pipeline and warning it’s likely the U.S. economy will tip into a recession.

“Yep, the probabilities in this economy tell you to batten down the hatches,” Bezos wrote, commenting on Solomon’s remarks.

The Goldman Sachs chief told CNBC in an interview on Oct. 18 that as the Fed fights inflation with aggressive rate hikes, the odds of a recession are relatively high.

“I think you have to expect that there’s more volatility on the horizon,” Solomon told the outlet. “Now, that doesn’t mean for sure that we have a really difficult economic scenario. But on the distribution of outcomes, there’s a good chance that we have a recession in the United States.”