The impact of bank failures on markets and the economy
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Are Lending Standards Tightening?
Lending standards have been tightening going into this. And my suspicions that they will tighten further from here and potentially could tighten quite sharply, at least in the near term. I think on balance, my guess is that banks will take a view that this could result in either a near term recession or a deeper recession than you would have had without this event. Richard Lappi, thanks so much for joining us.
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