- Normally a central bank will tighten monetary policy when an economy overheats and will stop or slow rate hikes when it starts to cool.
- The United Nations also has also taken a stand on the issue, warning Monday that interest rate hikes by the world’s wealthiest nations risk a painful global recession that would hurt developing nations the most.
- The UN Conference on Trade and Development (UNCTAD) said monetary tightening by the Fed, along with the Bank of England and the European Central Bank, was an “imprudent gamble” that could backfire dangerously.
Could the Fed push US economy into recession? 06.10.2022
