WASHINGTON, DC - FEBRUARY 01: Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on February 01, 2023 in Washington, DC. The Federal Reserve announced a 0.25 percentage point interest rate increase to a range of 4.50% to 4.75%. (Photo by Kevin Dietsch/Getty Images)
Powell urges Congress to solve growing US debt 'sooner, rather than later'
Speaking at The Economic Club of Washington, Federal Reserve Chair Jerome Powell says the Fed doesn't have the ability to protect the US economy from a potential US credit default crisis if Congress fails to raise the debt ceiling.
01:02 - Source: CNN Business
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WASHINGTON, DC - FEBRUARY 01: Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on February 01, 2023 in Washington, DC. The Federal Reserve announced a 0.25 percentage point interest rate increase to a range of 4.50% to 4.75%. (Photo by Kevin Dietsch/Getty Images)
Powell urges Congress to solve growing US debt 'sooner, rather than later'
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