· Macro and Credit – Volition "The true test of a leader is whether his followers will adhere to his cause from their own volition, enduring the most arduous hardships without being forced to do so, and remaining steadfast in the moments of greatest peril."
The decision to intervene in credit management has, for some critics. "I don’t think this U-turn was of the Bank’s own volition. My feeling is this has the dead hand of the Treasury all over it.".
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The agency has even suggested that America’s credit could be further improved if Washington. Ultimately, the Fed and commercial banks cut off the monetary spigot, either by their own volition or.
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Volition or will is the cognitive process by which an individual decides on and commits to a particular course of action such as the normalization process undertaken by the Fed. It is defined as purposive striving and is one of the primary human psychological functions. volition means the power to make your own choices or decisions.
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