The US Federal Reserve System (FRS), acting as the nation’s central bank, believes the consequences of the banking crisis are likely to lead to a recession in 2023. It has been reported TASS.
The publication notes that employees of the United States financial regulator made a presentation at a meeting claiming the possible consequences of the bankruptcy of the American bank Silicon Valley Bank (SVB) and other shocks in the economic sector in March 2023.
Fed Supervisory Vice Chairman Michael Barr said the banking industry is “solid and resilient” right now. The economists of the system believe that the economy will face serious problems in the future. They predict a moderate recession that could begin further in 2023 and further recovery over the next two years.
Previously, New York University economics professor Nouriel Roubini, who predicted the 2008 crisis, declarationThat the US banking system is facing a serious challenge and is heading towards collapse.