‘Things are going to break’: Kevin O’Leary predicts Fed hikes will lead to more U.S. regional bank failures

“Shark Tank” investor Kevin O’Leary predicts the ongoing cycle of U.S. Federal Reserve rate hikes could lead to more regional U.S. bank failures.

Fed Chair Jerome Powell said the central bank is not yet fully confident that inflation is defeated even though recent headline reads show that price increases have cooled significantly.