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Jerome Powell at the July 2022 FOMC press conference.
U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on July 27, 2022
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Jim Bianco is holding is hand up in front of his face.
Jim Bianco, head of Bianco Research LLC, speaks at the Reuters Investment Outlook Summit in New York December 11, 2007.
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Powell
There's a risk the Federal Reserve's war on inflation makes a potential US economic slump worse, KPMG's chief economist Diane Swonk has warned.
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NYSE traders
Traders work on the floor of the New York Stock Exchange.
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nasdaq
The tech-heavy Nasdaq Composite has jumped just under 15% year-to-date.
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The downtown Los Angeles skyline is seen with a clear sky from the 110 freeway. REUTERS/Lucy Nicholson
The downtown Los Angeles skyline is seen from the 110 freeway in Los Angeles