Center For Investment Excellence
Unpacking policy uncertainty
Apr 3, 2025
Dr. David Kelly, Chief Global Strategist at JPMorgan Asset Management, shares his insights on the economic landscape and policy influences. He discusses the economic outlook for 2025, focusing on the effects of U.S. immigration and trade policies. Kelly highlights the potential challenges posed by declining immigration on labor force dynamics. The conversation also delves into government efficiency measures and their impact on the economy, emphasizing the delicate balance needed for fiscal and regulatory reforms to foster growth.
24:11
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The U.S. economy is expected to maintain a 2% growth rate in 2025, contingent on current government policies remaining stable.
- Changes in immigration policy could shrink the working-age population, potentially resulting in higher wages but slower economic growth.
Deep dives
Current Economic Outlook
The economy is anticipated to experience a stable growth rate of around 2% in the coming year, with inflation declining to approximately 2% and the unemployment rate stabilizing at 4%. This assessment suggests that the economy has successfully executed a soft landing, moving forward at a satisfactory pace. If not for potential changes in government policies, these forecasts would likely remain unchanged. However, shifts in administration policies could influence these outcomes, highlighting the importance of monitoring future developments.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
