6 May 2022

Listen: Can the Fed avoid a crash landing?

Federal Reserve Chairman Jerome Powell says the battle to contain inflation without triggering a recession will be “very challenging”. In this podcast, ING’s James Knightley discusses his expectations for monetary policy in the months ahead and whether the central bank can engineer a soft landing for the US economy

The Federal Reserve raised interest rates by 50bp this week, the biggest hike in 20 years, and signalled it will make similar moves in June and July. In this podcast, ING's International Economist James Knightley tells Senior Editor Rebecca Byrne that while aggressive tightening raises the risk of an economic downturn, a recession might just be averted.

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