On the recordMay 4, 2023
We should not even be talking about a world in which the U.S. does not pay its bills.
Source
congress.govWe should not even be talking about a world in which the U.S. does not pay its bills.
Jerome Powell warns against the consequences of a U.S. default.
Share & report
More from Jerome Powell
It is well past time we all have an adult conversation about fiscal responsibility.
From my standpoint, it’s not complicated. What everyone on the [Federal Open Market Committee] wants is a good, solid American economy with strong labor market and price stability. That’s what we want.
The threat of worsening inflation, plus the uncertainty Trump has generated through his trade war and immigration policies, are causing the Fed to adopt a wait-and-see approach.