Trump's trade and immigration policies are an 'elixir for stagflation' that could tip the US into recession, JPMorgan strategy chief says

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• Trump's trade and immigration stance could shock the economy, JPMorgan's David Kelly told Bloomberg TV.
• Plans for sweeping tariffs are "an elixir for stagflation," while deportations would be recessionary, he said.
• For now, growth is slowing, but it's good enough, Kelly noted.

Donald Trump's pledge to raise trade barriers and deport immigrants could be policy shocks that trigger a recession...