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Jeremy Siegel, Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania in Philadelphia, on an interview on December 30, 2014.
Jeremy Siegel, professor of finance at the Wharton School of the University of Pennsylvania.

Scott Mlyn/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images

  • The Fed will spark a disaster if it delivers a bigger rate hike than expected this week, Jeremy Siegel said.
  • The top economist said inflation was falling rapidly, and officials needed to soften policy to avoid a recession. 
  • "We have to get no more than 25 basis-points. 50 would be I think a disaster," Siegel told CNBC.

The Federal Reserve risks sparking an economic disaster if it hikes rates higher than markets are expecting at its upcoming meeting this week, according to Wharton Professor Jeremy Siegel.

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Markets, MI Exclusive, Jeremy Siegel, Recession, recession warning, Inflation, Fed, Fed rate hikes, rising interest rates, FOMC meeting, Stock Rally, Wharton professor Jeremy Siegel, US Markets and Economy, 2% inflation, Stagflation
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Wharton professor Jeremy Siegel says the Fed risks sparking a disaster if it hi…