{"id":132444,"date":"2024-07-05T08:30:29","date_gmt":"2024-07-05T05:30:29","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=132444"},"modified":"2024-07-05T03:46:42","modified_gmt":"2024-07-05T00:46:42","slug":"jpmorgan-warns-of-economic-risks-from-potential-trump-policies","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/jpmorgan-warns-of-economic-risks-from-potential-trump-policies\/","title":{"rendered":"JPMorgan Warns of Economic Risks from Potential Trump Policies"},"content":{"rendered":"

In an interview with Bloomberg<\/a><\/strong>, JPMorgan\u2019s Chief Global Strategist, David Kelly, discussed former President Trump\u2019s proposal to increase tariffs on imports to lower income taxes. Kelly suggests that if Trump wins and implements significant tariff hikes, it could lead to stagflation\u2014a combination of slow growth and rising inflation.<\/p>\n

Kelly noted that the debate outcomes have increased the chances of a Republican sweep in November. He emphasized that higher tariffs could slow economic growth while pushing up inflation, creating stagflation.<\/p>\n

Additionally, Kelly mentioned that the economy is currently fragile enough that any policy shock, such as Trump\u2019s aggressive stance on immigration, could trigger a recession. He cited Trump\u2019s potential immigration policies, including the deportation of undocumented immigrants, as another risk factor.<\/p>\n