Search


	Podcast:		What Goes Up
	Episode:		The Fed Is Playing a ‘Dangerous Game’
	Category:		Business
	Duration:		00:37:24
	Publish Date:		2022-10-21 08:00:00
	Description:		The stock market has been getting very volatile as the US Federal Reserve continues its historic effort to squash rising prices. Proclamations from policymakers suggest the central bank won’t let up until inflation is under control—even if it means trouble for the economy. Officials may raise rates by another 75 basis points at their upcoming November meeting, and the same again in December, according to Kristina Hooper, chief global market strategist at Invesco. “Seventy five is the new 25,” she says. “When you are raising rates in 75-basis-point increments and you’re not giving any time for it to process through and make its way through into the data, you’re playing a dangerous game,” she says on the latest episode of What Goes Up. “And the more you’re doing it, the more likelihood you create of having a recession—and a significant recession.” See omnystudio.com/listener for privacy information.
	Total Play:		0