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.govNo 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.
Jerome Powell warns about the risks of a U.S. default on the economy.
Share & report
More from Jerome Powell
Many, many companies do expect to put all or — some of the effect of tariffs through to the next person in the chain, and ultimately, to the consumer.
Part of that is due to the start-stop nature of the tariffs that have been introduced.