The Fed's Optimism in Banking

It was on hold for 33 weeks from peak rates before they started to move. The thing to remember, however, is that bad things tend to happen during these periods as the lag it affects from previous Fed tightening finally starts to make their way into the economy. So in some ways, as Robert Kaplan was saying, former Dallas Fed president, that he wanted a hawkish voice but said that we just don't know how the situation will evolve. When it comes to banking, it could be much more serious than we currently understand.