Another Recession?! Thank Jerome Powell And The Federal Reserve Market Researcher Says

Stephanie Landsman for CNBC reports, He’s been worried the Federal Reserve would go too far. And now, market researcher James Bianco thinks his fear may be a reality.

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He’s been worried the Federal Reserve would go too far.

And now, market researcher James Bianco thinks his fear may be a reality.

His updated outlook follows the Fed’s decision to plan for additional interest rate hikes next year. Bianco believes the move could spark a recession.

“The markets are worried that two rate hikes next year may be too many,” the Bianco Research president said Wednesday on CNBC’s “Trading Nation.”

According to Bianco, the Fed’s latest statement is just the prescription to frighten the market over a monetary error — adding that the leading cause of a recession is Fed policy that’s too tight.

He’s also concerned the balance sheet reduction plans in 2019 could create serious headwinds.

“It was not dovish enough for the market,” he said about the Fed’s statement.

 

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