After Powell delivered remarks about the economy, inflation and the Fed’s actions to date, the head of the US central bank was peppered with questions from Senate Banking Committee members about a variety of topics including jobs and unemployment, household debt, the debt ceiling, geopolitical uncertainty, climate change, and cryptocurrency.
The United States is expected to default on its debt obligations as soon as this summer if Congress doesn’t address the debt ceiling. But Republicans have demanded that any such move be accompanied by steep spending cuts. “At the end of the day, there’s only one solution to this problem, and that is Congress,” Powell said. “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.
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why is it everything is going up accept peoples salaries how the fuck can u justify it !!!!!!!!!
It means your apartment living friends are gonna put home ownership on hold. New lending for mom and pop business is dead on the desk. In general, just some lackluster US living.
LETS GO BRANDON