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MNI PODCAST: FedSpeak-Kroszner Eyes End Of Hikes, Long Pause

  • Ex-Fed board governor Randall Kroszner thinks the Fed is almost done raising interest rates because of tighter credit conditions but won't be cutting them any time soon.
  • The U.S. banking crisis likely is not over, says Kroszner, a member of the BOE's Financial Policy Committee -- commercial real estate could be the next shoe to drop.
  • Avoiding a recession will be tough but it doesn't have to be deep unless major new geopolitical challenges flare up, he says.
Listen to the full podcast here.
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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