Reported 21 days ago
David Kelly, JPMorgan Asset Management’s chief global strategist, warns that reckless interest rate cuts by the Federal Reserve could trigger recession fears and damage investor confidence. While he describes the current US economy as healthy, he cautions against aggressive rate reductions, emphasizing that initial cuts may hurt the economy before they help. Kelly also highlights potential risks from tariffs, which could cause both economic slowdown and inflation.
Source: YAHOO