financial crisis

COMMENTARY
Federal ReserveBank Board Chairman Jerome Powell contemplates a response to questions on Nov. 2, 2022. (Chip Somodevilla/Getty Images)

Fed inflation fight raises risks of both recession and financial crisis

BY: - November 7, 2022

There is wide agreement among economists and market observers that the Federal Reserve‚Äôs aggressive interest rate hikes will cause economic growth to grind to a halt, leading to a recession. Less talked about is the risk of a financial crisis as the U.S. central bank simultaneously tries to shrink its massive balance sheet. As expected, […]