And, because assets held by banks in the United States reprice in less than five years on average, there is ample time to adjust to all but the most abrupt of transitions. 16 But what if the transition is disorderly?
One argument is that uncertainty associated with a disorderly transition will make it difficult for households and businesses  Total losses were $ billion, of which losses on first-lien mortgages, home equity, and commercial real estate loans were $ billion. See https://www.federalreserve.gov/publications/files/2022-dfast-results20220623.pdf.