2min chapter

Forward Guidance cover image

Higher For Longer | Robert Kaplan, Former Dallas Fed President & CEO

Forward Guidance

CHAPTER

The Impact of the Fed Bank Discount Window on Loans

The impact of that is particularly significant for small mid-sized businesses who are very reliant on banks for capital. Big public companies don't borrow that much from commercial banks to borrow mainly in the financial markets based on the curve. They haven't been this meaningfully hurtsmall mid-sized companies have been. And so what the banks are wrestling with right now is they have less capital than they like.

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