Silicon Valley Bank's collapse has made the Fed's job way harder, top economist says

• The Federal Reserve will struggle to achieve a "no landing" scenario now that Silicon Valley Bank has collapsed, according to Apollo Global Management's chief economist.
• Torsten Sløk said he's expecting the regional banking crisis to lead to a fall in lending levels.
• "The slowdown that was already underway because of the Fed raising rates might come faster," he told Bloomberg.

The Federal Reserve's job just got a whole lot harder, according to Apollo Global Management's chief economist.