Not accidently, Biden is from Delaware, corporate heaven.
High interest rates mean high profits for lenders.
Um-hmm.
>>High interest rates mean high profits for lenders.<<
Not exactly. Higher interest rates slow consumer credit in a few ways.
Lenders tighten borrowing requirements thus disqualifying many consumers. As the cost of money goes up it also pushes consumers out of the market for autos, homes and such. Lender profits in some cases will fall.