The SVB crash could be good for markets if it forces the Fed to pause rate hikes, Jeremy Siegel said.
The economist has blasted central bankers over rate hikes, which he says raise the odds of recession.
SVB's implosion is a consequence of rising interest rates, and the Fed needs to take it as a wake up call, he said.
Central bankers have raised interest rates 1,700% over the last year, a level that Siegel has warned could push the economy into a recession.
A sudden pause in rate hikes could signal the Fed believes the banking system is in crisis, which could spark more volatility in markets and cause stocks to fall.