June 3, 2025

JPMorgan’s David Kelly Warns Trump’s Tariff Plans Could Trigger Stagflation and Recession

1 min read

JPMorgan Chase has recently issued a critical warning concerning the potential economic impact stemming from the upcoming presidential election. The bank’s Chief Global Strategist, David Kelly, has drawn attention to former President Donald Trump’s inclination towards increasing tariffs on imports to offset income taxes. Kelly warns that if Trump regains office and enforces high tariffs,

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