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Higher For Longer | Robert Kaplan, Former Dallas Fed President & CEO
Forward Guidance
The Deposit Beta of the Federal Reserve
A lot of people are calling it a bank walk, either moving money from regional banks as deposits into the large money center banks at Bank of America, JP Morgan. "I think people have woken up to the fact that they don't need to accept below market rates," he says. And so unfortunately, this is a fact of life for banks now, particularly small mid-sized banks.
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