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Banks grow less willing to lend, boosting the odds of a recession
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Banks grow less willing to lend, boosting the odds of a recession

Aziz Sunderji's avatar
Aziz Sunderji
May 08, 2023
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Home Economics
Home Economics
Banks grow less willing to lend, boosting the odds of a recession
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The Fed raised interest rates by a quarter of a percent last week. The move was widely expected. More surprising was the accompanying press release, which echoed the Fed’s prior communication but dropped the phrase “some additional policy firming may be appropriate”. In excising these words, the central bank indicated an openness to winding down one of …

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