2min chapter

Forward Guidance cover image

Did The Fed Just Back Down? | Joseph Wang & Michael Ippolito

Forward Guidance

CHAPTER

The Argument for a Recession

Last year, banks were tightening credit conditions and bank lending was slowing down significantly. Now fast forward to where we are today, weekly Fed data shows that credit growth has basically been at a stand. Eventually, that slowdown that we see in the banking sector is going to be felt more acutely, but I don't think it's going to happen this year.

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