"The slowdown that was already underway because of the Fed raising rates might come faster," Torsten Slok told Bloomberg. : The Federal Reserve's job just got a whole lot harder, according to Apollo Global Management's chief economist. Torsten Sløk warned that the collapse of Silicon Valley Bank last week and the regional banking crisis that followed has made it much less likely the central bank is able to navigate toward a "no landing" scenario – where it is able to bring inflation down to its 2% target level without cratering the economy.