Amazon founder Jeff Bezos is warning that surging inflation is causing too much pain, and that may be driving the economy into a recession.

He issued the warning in a tweet that was retweeting an interview with Goldman Sachs CEO David Solomon Tuesday, where the banker said there was a “good chance” of a recession in the United States, and he warned business owners they needed to be cautious and be prepared to encounter more volatility in the market as headwinds toward growth build up.

In response, Bezos wrote, “Yep, the probabilities in this economy tell you to batten down the hatches.”

Bezos has joined a growing cast of billionaires, business leaders, leading investors, and analysts including even JPMorgan Chase CEO Jamie Dimon, who have begun warning the economy is heading for more than a minor dip in this cycle.

Experts note that even as the Federal Reserve has taken a historically aggressive series of policy moves to quench it, inflation has remained a persistent problem in the economy. Presently sitting at 8.2%, inflation right now it at its highest point since 1981. The core consumer price index, excluding volatile fuel and energy, is up by a record 6.6% so far this year through September, according to the official data.

Earlier in the year, Bezos had been critical of the White House’s policies as he warned about inflation. He argued the administration was misleading Americans on the issue, when it argued that increasing taxes on corporations and the wealthy would not affect consumer prices and increase inflation. He also strongly criticized the White House’s stimulus policies, which he said were injecting money “into an already over-heated, inflationary economy.”

Image of Jeff Bezos courtesy of Wikipedia.