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 3, 2026
If any administration finds a way to remove Fed officials over policy differences, then future administrations will do so as well.
Jul 23, 2025
It is a big risk to our independence if we were to stray into areas where we shouldn’t that really aren’t part of our mandate.
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