'Dr. Doom' Nouriel Roubini says Fed rate hikes are a 'megathreat' to the US economy
The Federal Reserve's monetary tightening campaign is taking a serious toll on the US economy, famed market commentator Nouriel Roubini says, predicting that markets are heading towards a financial crash.
This is much worse than other periods of monetary tightening and hikes in borrowing costs, he added. "So, we have the worst of the [1980s] in terms of negative supply shock, reduce growth that cause inflation," Roubini said.
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