Dallas Fed Banking Survey Respondents' Notable Concerns

Dallas Fed banking survey respondents on issues affecting their business (from here):

• "The higher-for-longer narrative has impacted economic prospects in a significantly negative manner."
• "The Fed is focused on jobs and inflation, but the lack of action is destroying the economy. The wealthy are unfazed, but the middle and lower class are the most negatively affected. Every day I read about another major company declaring bankruptcy, more employee layoffs, more bank branch closings, and all these actions are creating more misery for all but the wealthy. The Fed needs to take the wealthy out of the equation and start lowering rates."
• "We have seen our first consumer bankruptcy in over 4 years. As a residential mortgage lender that escrows for property taxes and insurance, we have observed the cost of homeowners insurance policy are dramatically increasing for rural homes located outside of 24/7 fire protection areas. This is something to watch and certainly not expected by homeowners that purchased outside city limits."