Here's your summary from JPMorgan's Kelly Says Fed Should Cut in September (https://www.youtube.com/watch?v=nM_5Ntu89P0) on the Bloomberg Television channel:

**TLDR:** JPMorgan's Kelly believes the Fed should cut interest rates in September to avoid rushing and causing panic in the market.

1. JPMorgan's Kelly suggests the Fed should cut rates in September to maintain stability and avoid appearing scared.

2. Kelly recommends a gradual approach of six to eight cuts over one and a half years to ease the impact on the economy.

3. Despite concerns about cracks in private credit and regional banks, Kelly believes the Fed has the luxury of time due to a strong labor market.

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