Home World News Latin America Fed Further Increasing Interest Rates May Worsen US Banking Crisis, Prof Warns

Fed Further Increasing Interest Rates May Worsen US Banking Crisis, Prof Warns

Fed Further Increasing Interest Rates May Worsen US Banking Crisis, Prof Warns

The Federal Reserve should take a wait-and-see approach instead of going for further interest rate hikes after the US banking system was hurt by the Silicon Valley Bank’s collapse, Fabrizio Carmignani, a professor of economics and dean at Griffith Business School, Australia, told Sputnik.

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