Rate Cuts Won't Save Us: JPMorgan's Economist Explains
Update: 2025-09-09
Description
Forget the Fed? JPMorgan strategist David Kelly says rate cuts won't jumpstart the economy like you think. Uncertainty over tariffs and immigration, not interest rates, is the real drag. Plus, lower rates hurt retirees' income and might make people wait even longer to borrow, stalling growth. Is clarity from Washington the real key to recovery?
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