{"id":127243,"date":"2022-05-13T15:30:36","date_gmt":"2022-05-13T15:30:36","guid":{"rendered":"https:\/\/fin2me.com\/?p=127243"},"modified":"2022-05-13T15:30:36","modified_gmt":"2022-05-13T15:30:36","slug":"the-fed-raising-interest-rates-will-create-a-recession-dick-bove-warns","status":"publish","type":"post","link":"https:\/\/fin2me.com\/economy\/the-fed-raising-interest-rates-will-create-a-recession-dick-bove-warns\/","title":{"rendered":"The Fed raising interest rates will \u2018create a recession,\u2019 Dick Bove warns"},"content":{"rendered":"<h2>The Fed raising interest rates will \u2018create a recession\u2019: Dick Bove<\/h2>\n<p>Odeon Capital Group chief financial strategist Dick Bove argues that \u2018to kill inflation\u2019 the Fed will need to \u2018lower demand below supply.\u2019<\/p>\n<p>Odeon Capital Group chief financial strategist Dick Bove joined &quot;Mornings with Maria&quot; Friday, arguing that the Fed raising interest rates will &quot;create a recession&quot; and &quot;to kill inflation&quot; they will need to &quot;lower demand below supply.&quot;<\/p>\n<p><strong>INFLATION HAS ERODED 40% OF SOCIAL SECURITY&apos;S PURCHASING POWER SINCE 2000<\/strong><\/p>\n<p><strong>DICK BOVE: <\/strong><i>We are going to have to see interest rates go up fairly significantly. We are going to have to cut the size of the Federal Reserve balance sheet. It is going to create a recession. Stock prices are going to do poorly between now and the end of the summer&#x2026; [Jerome Powell is] kind of warning you that these bad things are going to happen.&#xA0;<\/i><\/p>\n<p><i>&#x2026;<\/i><\/p>\n<p><source media=\"(max-width: 767px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2021\/11\/343\/192\/powell-11.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2021\/11\/686\/384\/powell-11.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 768px) and (max-width: 1023px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2021\/11\/672\/378\/powell-11.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2021\/11\/1344\/756\/powell-11.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1024px) and (max-width: 1279px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2021\/11\/931\/523\/powell-11.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2021\/11\/1862\/1046\/powell-11.jpg?ve=1&amp;tl=1 2x\"><source media=\"(min-width: 1280px)\" srcset=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2021\/11\/720\/405\/powell-11.jpg?ve=1&amp;tl=1, https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2021\/11\/1440\/810\/powell-11.jpg?ve=1&amp;tl=1 2x\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2021\/11\/931\/523\/powell-11.jpg?ve=1&amp;tl=1\"><\/picture>\n<p><span>Odeon Capital Group chief financial strategist Dick Bove\u00a0told FOX Business that the Fed raising interest rates will \u2018create a recession.\u2019<\/span><span> (Photographer: Samuel Corum\/Bloomberg via Getty Images \/ Getty Images)<\/span><\/p>\n<p><i>I don&apos;t think how he can avoid them. Essentially what he has to do to kill inflation is he&apos;s got to lower demand below supply and to lower demand below supply, you&apos;ve got to stop printing money&#x2026; you got to increase the cost of that money, both of which I think the Fed will do.<\/i><\/p>\n<p><strong>WATCH THE FULL INTERVIEW BELOW:<\/strong><\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cf-images.us-east-1.prod.boltdns.net\/v1\/static\/854081161001\/0dd8da38-268b-40fa-a22b-b623691b95c3\/bcfccb78-b507-43f9-9992-673107401bda\/1280x720\/match\/image.jpg\"><\/p>\n<h2>The Fed \u2018can\u2019t avoid\u2019 a recession: Dick Bove<\/h2>\n<p>Odeon Capital Group chief financial strategist Dick Bove provides insight into how the Fed is handling inflation.\u00a0<\/p>\n<p>Source: <a href=\"https:\/\/www.foxbusiness.com\/economy\/the-fed-raising-interest-rates-recession\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Fed raising interest rates will \u2018create a recession\u2019: Dick Bove Odeon Capital Group chief financial strategist Dick Bove argues that \u2018to kill inflation\u2019 the [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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