Invesco Strategist Warns the Fed Is 'Playing a Dangerous Game' That Could Lead to 'Significant Recession'
The chief global market strategist at Invesco, a global investment firm with $1.3 trillion under management, has warned that the Federal Reserve is playing “a dangerous game” with its 75-basis-point rate hikes. She noted that the Fed’s action could lead to “a significant recession.” Invesco’s Chief Strategist on Recession and the Fed’s Efforts to Fight Inflation Invesco’s chief global market strategist, Kristina Hooper, shared her thoughts about the U.S. economy on Bloomberg’s What Goes Up podcast last week. Invesco is a global independent investment management firm with over $1.3 trillion in assets under management (AUM) as of Sept. 30. The firm employs more than 8,400 people in over 26 countries. Hooper, who has 21 years of investment industry experience, explained that the stock market has been growing very volatile as the Federal Reserve continues its efforts to fight inflation . She noted that the central bank has indicated ...