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

David Kelly, chief global strategist at JPMorgan Asset Management, expects US inflation to cool. He links the disinflation trend to lower tariff costs and the prospect that oil will eventually flow out through the Strait of Hormuz. Kelly also criticizes the Federal Reserve’s signal that it plans to communicate less, saying the central bank is moving in the wrong direction.