This probably prolonged the need for ease and further accentuated the required easing of the federal funds rate. As another example, I have spent enough of my career projecting near-term economic trends to be familiar with a forecaster’s favorite friend -- momentum. But momentum can easily be misjudged.
Technology for improvement in borrowers’ identification and credit reporting “Technologies that reduce asymmetric information in credit markets are technological innovations which can be leveraged for improved borrower identification.