Fed Playing a ‘Dangerous Game’ That May Lead to ‘Significant Recession,’ Says Analyst

As the Federal Reserve keeps raising interest rates in its attempt to bring down inflation, it’s running the risk of triggering a considerable economic slowdown, according to Invesco’s chief global market strategist Kristina Hooper.

“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,” Hooper said on a Bloomberg podcast.