Stocks may slump if banking fears choke growth - and the Fed should end its inflation fight, Wharton professor Jeremy Siegel says

• The Federal Reserve has already won its war against inflation, Jeremy Siegel says.
• The retired Wharton professor expects the recent banking chaos to hit lending and the wider economy.
• Stocks may slide in the weeks ahead due to selling in May and economic headwinds.

The Federal Reserve is battling a non-existent foe, the banking turmoil is threatening to strangle the wider economy, and stocks are poised to slump in the weeks ahead, Jeremy Siegel has warned.

"The Fed's fight against inflation should be over," the retired Wharton finance professor declared in his WisdomTree commentary this week.