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Bloomberg

'Teflon' Inflation Won't Stick, JPMorgan's Kelly Says

Wednesday, August 12, 2026


David Kelly, chief global strategist at JPMorgan Asset Management, stated on Bloomberg Surveillance that he expects US inflation to decline due to lower tariff costs and increased oil supply. Kelly also said the Federal Reserve is signaling it will communicate less with markets, which he characterized as the wrong approach.

Original reporting: https://www.bloomberg.com/news/videos/2026-08-12/-teflon-inflation-won-t-stick-jpmorgan-s-kelly-says-video

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