🇺🇸 Fed Chair Jerome Powell on debt ceiling crisis 💵 📈 #shorts

Chairman Powell, can you talk about the catastrophic damage a debt default would inflict on the economy? These are really matters between the executive branch and Congress. We do not seek to play a role in these policy issues. But at the end of the day, there's only one solution to this problem. Congress really needs to raise the debt ceiling. That's the only way out in a timely way that allows us to pay all of our bills when and as do. And if we fail to do so, I think that the consequences are hard to estimate, but they could be extraordinarily adverse and could do long-standing harm.

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