Really, my grandfather was president of a bank for many years and I have a cousin that is also. Both have a bit of a different take. Are you a banker?
I was a banker, yes.
Ben is on his way out. Interest rates are starting to climb. He is getting out while the getting is good. They will replace him with a dove who will keep printing.
The only folks who will make money are the ones who can get it for free (large investment banks) and who will turn and buy Treasuries. No “risk” and all NIM. Free profit.