‘A very steep recession’ is guaranteed if the Fed continues with its hawkish interest rate hikes in 2023, Wharton professor Jeremy Siegel says

A recession is guaranteed in 2023 if the Fed goes forward with more interest rate hikes, according to Jeremy Siegel. ‘The talk of going higher and staying high through 2023 I think would guarantee a very steep recession,’ Siegel said. The Fed is’slamming on the brakes way too hard’ as it tightens monetary conditions. . . .