It Could Happen Here cover image

Everyone Else Admits We Were Right About Inflation

It Could Happen Here

CHAPTER

Interest Rates and their Impact on Banks and Consumers

This chapter discusses how the interest rate set by the central bank affects the cost structure of banks and their lending to individuals and companies. It highlights the importance of banks considering their interest rates on savings accounts to attract customers. The chapter also emphasizes that the Federal Reserve's interest rate decisions impact the cost of lending to end consumers.

00:00
Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner