Roubini Sees Hard Landing From Fed's 'Mission Impossible'

The video discusses the challenges faced by the Federal Reserve in managing inflation, economic growth, and financial stability. With inflation rates above target, the Fed is considering interest rate hikes, but this could lead to a hard economic landing or financial instability. The credit crunch, particularly affecting regional banks, is expected to slow U.S. economic growth, potentially leading to increased defaults and a cycle of economic and financial instability.

What role do regional banks play in the current economic situation?

What are the potential consequences of a hard landing in the economy?