A top strategist at JPMorgan says fresh fiscal support may be on the horizon as policymakers look to strengthen economic conditions ahead of the midterm election.
Speaking in a CNBC interview, David Kelly, chief global strategist at JPMorgan Asset Management, says he expects some form of stimulus tied to tariffs to be introduced in the coming months.
He says the possibility of direct payments is designed to boost economic activity.
“But remember, we could also get some further stimulus checks. We talked about tariff rebate checks. Now, the tariffs have gone or are lower than they were, but I still think we’re going to get these tariff rebate checks and try to pump up the economy before the November elections.”
According to Kelly, Congress will likely begin efforts to give out free money in the coming months, so the economy can begin gathering momentum by the last quarter of the year.
“The [tariff] refunds will slowly get back to the importers, but I think that Congress will pass a tariff rebate check or some other form of stimulus. I don’t know how they’re going to justify it, but they will do this, I think over the course of the summer to make sure the economy is looking strong by the fourth quarter.”
Disclaimer: Opinions expressed at CapitalAI Daily are not investment advice. Investors should do their own due diligence before making any decisions involving securities, cryptocurrencies, or digital assets. Your transfers and trades are at your own risk, and any losses you may incur are your responsibility. CapitalAI Daily does not recommend the buying or selling of any assets, nor is CapitalAI Daily an investment advisor. See our Editorial Standards and Terms of Use.