Jerome Powell: “Congress really needs to raise the debt ceiling--that is the only way out.”

I have a little more than 10 months left on my term as chair, and all I want, and all anyone at the Fed wants, is to deliver an economy that has price stability, maximum employment, financial stability.

Job growth, he said, has slowed considerably and that the downside risks to employment are rising.

There are no new water features, there’s no beehives, and there’s no roof terrace gardens

I have nothing for you on that today.