‘There’s only one way forward here’

‘There’s only one way forward here’

Federal Reserve Chairman Jerome Powell is keeping his distance from the ongoing debt ceiling brinkmanship.

“There’s only one way forward here and that’s for Congress to raise the debt ceiling so that the United States can pay all of its obligations when due,” he said during a press conference Wednesday.

Powell appeared before reporters after the Federal Reserve on Wednesday raised short-term interest rates by a quarter-point, bringing its benchmark rate to the highest level since October…


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