Philequity Corner – Wilson Sy – The Philippine Star October 10, 2022 | 12:00am Financial markets were extremely volatile due to fears that the Federal Reserve (Fed) will overtighten and cause a deep recession. Fed chair Jerome Powell’s hawkish policy speech has driven the US dollar to historic highs, resulting in turmoil across asset classes. Fed policies have severe and far-reaching implications globally. In this light, the United Nations (UN), along with some prominent economists, have questioned the wisdom and prudence of the Fed’s actions and policies. UN calls for halt in rate hikesIn a s…