Jeremy Siegel says he's 'shocked' at what the Fed's overlooked and sees stocks struggling over the next 6 months

Thu, 04/13/2023 - 05:45

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

Wharton economist Jeremy Siegel says he's shocked the Fed has overlooked the drop in bank lending.
Banking chaos and tighter credit could spur a big fall in US economic activity, he told CNBC.
He expects stocks to struggle in the next 6 months – and lifted odds of a recession this year.

Wharton professor Jeremy Siegel says he's amazed the Federal Reserve has overlooked tighter lending standards, while warning US stocks could struggle over the next six months.