Golden Finance reports that David Kelly, Chief Global Strategist at JPMorgan Asset Management, stated that if Trump wins the U.S. election this week, the Federal Reserve may pause its easing cycle as early as December. This is because Trump's expansionary fiscal policy plans will drive up inflation and prevent interest rates from falling. Kelly pointed out that if the Republican Party achieves a significant victory with Trump's win, more expansionary fiscal policies may emerge, potentially triggering trade wars and widening the deficit, leading to higher interest rates. On the other hand, Kelly stated that if Vice President Harris wins, the economy may continue on its path of a soft landing. In this case, the Federal Reserve may stick to its expected path of easing policy.