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Bank Turmoil Seen Crimping Credit at Double Powell’s Estimate

(Bloomberg) — US bank stress will tighten credit by twice as much as expected by Federal Reserve Chair Jerome Powell, said economists surveyed by Bloomberg, tipping the economy into recession.Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleUK Blocks Microsoft’s $69 Billion Activision Deal Quants Are ‘Out of Ammo’ for Buying Stocks, Goldman WarnsFirst Republic Bank to Weigh Up to $100 Billion in Asset SalesNetflix Spain Lost 1 Million Users Last Quarter, Ka

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