Beef Supreme on Nostr: Powell is bagehot/lombardist with a lend freely at great interest mindset, leaning ...

Powell is bagehot/lombardist with a lend freely at great interest mindset, leaning into crisis with more access to lending and keeping elevated rates. I think the other option is that they'll incentive the consumer FI's back into lending to push more cash into the system hedging the smaller banks and credit union unrealized losses. Higher rate will contribute to equity and maintain dividends, so for most appearances strong banks that are happy to lend, consumers who believe we're softly landing. Big 4 are under pressure but it's not real, to your point