Amazon founder and CEO Jeff Bezos warned that the U.S. economy could face a recession and recommended that Americans prepare for a painful recession.

The billionaire retweeted a CNBC clip featuring Goldman Sachs CEO David Solomon. In it, the bank chief advised business owners to be cautious and prepare for more market volatility as obstacles to growth intensify, BI writes.

Recession fears have intensified in recent months, in part because the Federal Reserve is actively trying to cool the U.S. economy. The central bank's goal is to lower inflation, which rose to a 40-year high of 9.1 percent in June and remained above 8 percent in September.

The Fed raised interest rates from nearly zero in March to a range of 3% to 3.25% and has signaled that they could approach 5% next year.

Leading investors, CEOs, academics and analysts also sounded the alarm about a potential global recession. They cited a host of risks, including huge amounts of private and government debt and a war in Ukraine.

Bezos is well positioned to comment on the state of the U.S. economy, given that Amazon is one of the nation's largest employers, employing 1.5 million people as of June 30.

Amazon CEO Andy Jassy, who took over the company's reins from Bezos last summer, seems to share his predecessor's concerns. Amazon has been cutting costs, slowing spending and freezing hiring for certain positions in recent months, suggesting that it expects a tougher economic backdrop.