The Beigie Awards: Why banks are going on a "loan diet"

This podcast episode explores the Beige Book, a publication by the Federal Reserve that collects economic anecdotes from 12 regional banks. The hosts discuss the latest issue's focus on river flows and bank lending in a volatile economy, highlighting the impact of logistical issues on the economy. They also discuss the winner of the Beige Book award, the Kansas City Fed, and their entry about cautious lending practices. The episode further discusses how the recent economic downturn has affected banks' lending practices and the different approaches banks are taking in the current economic climate. Lastly, the hosts delve into the Federal Reserve's role in fighting inflation by raising interest rates.