It seem s that banks willingness to lend to consumers hass fallen. Perhaps it should be an index of “Willing.”
Bank willingness to lend to consumers, a prime driver of Federal Reserve monetary policy, typically slumps to zero before a recession.
Yes, as The Fed continues to unwind its balance sheet, bank willingness to lend to consumers is melting.
The Federal Reserve Open Market Committee (FOMC) looks at the bank willingness to lend numbers.