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.
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congress.govEditor's note · Context
Jerome Powell warns about the risks of a U.S. default on the economy.
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More from Jerome Powell
Jun 25, 2025
The U.S. economy was in solid shape, but warned of very high uncertainty due to the impact of tariffs.
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