Can you check my understanding here? So all this money builds up, they have no one to lend it to (except the Fed), which they have to because of the SLR. The F

Can you check my understanding here? So all this money builds up, they have no one to lend it to (except the Fed), which they have to because of the SLR. The Fed raises rates in two years, and banks can lend out, but people a) can't afford the monthly payments for current prices at higher interest rates or b) have extra money from QE and don't need debt. Prices fall for things that require debt (cars, houses, college), but go up for things that people can pay for in cash? Less total is lended out due to the falling prices of things and increased interest rates? The whole volume of money moving around the economy decreases. The Fed can inject more money, but there will already be too much (at large banks and corporations) on the market that is already not allocated effectively. I guess... I'd be interested to hear your thoughts on what happens next?