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Paul Krugman.

AP

  • Paul Krugman has warned the banking chaos has increased the risk of a US recession.
  • The Nobel Prize-winning economist advised the Fed to hold off on hiking interest rates again.
  • Krugman cautioned that cutting rates could signal to investors that regulators are panicking.

The US banking turmoil has boosted the odds of a recession, so the Federal Reserve should stop turning the screws on the economy for now, Paul Krugman has said.

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Markets, MI Exclusive, Stocks, Paul Krugman, New York Times, Nobel prize in economics, Banking Crisis, Silicon Valley Bank, SVB, First Republic, ubs, Credit Suisse, Signature Bank, Inflation, Recession, Interest Rates, Monetary Policy, Federal Reserve, Credit Crunch, Financial Crisis
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Nobel economist Paul Krugman sounds the recession alarm as banking fears mount …