On the recordMay 4, 2023
No one should assume that the fed can really protect the economy and the financial system, or our reputation globally from the damage that a U.S. default might inflict.
Source
congress.govEditor's note · Context
Jerome Powell warns about the risks of a U.S. default on the economy.
Share
More from Jerome Powell
Oct 14, 2025
If we move too slowly, there may be unnecessary losses, painful losses in the employment market.
Jun 3, 2026
We do not take into account the fortunes of any political party or politician.
Other voices in this conversation
