In a recent report, J.P. Morgan has predicted a possible recession in the United States by the end of 2025, citing President Trump’s implementation of new reciprocal tariffs as a contributing factor. The forecast raises concerns about a potential decline in GDP and an increase in unemployment rates. Federal Reserve Chair Jerome Powell has also expressed apprehensions about the impact of these tariffs, warning that they could lead to higher inflation and slower economic growth. The projections have sparked discussions about the future economic stability of the US and the need for strategic interventions to mitigate the potential negative consequences of the tariffs. With experts closely monitoring the situation, businesses and policymakers are advised to stay informed and prepared for potential challenges ahead.
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J P Morgan Warns of US Recession by 2025 Due to Trump’s Tariffs, Powell Cautions on Inflation
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