Powell Says Fed Can't Help If Debt Ceiling Isn't Raised

The transcript discusses the importance of Congress raising the debt limit to avoid economic risks. It highlights the Fed's limited role in fiscal policy and the potential consequences of not addressing the debt ceiling. The conversation touches on Janet Yellen's ability to manage debt payments temporarily and emphasizes the confidentiality of private discussions with officials.

What is the only alternative mentioned for addressing the debt ceiling issue?

• The Federal Reserve creating new policies

• Congress raising the debt ceiling

• The Treasury Department finding new funds

• The President issuing an executive order

Why is it crucial for Congress to raise the debt limit?

• To improve international relations

• To reduce taxes

• To increase government spending

• To avoid risky consequences

Who is responsible for fiscal discussions regarding the debt limit?

• Elected officials

• The Federal Reserve

• The International Monetary Fund

• The Supreme Court

What was Janet Yellen's role in managing the debt situation?

• She could manipulate the debt until June

• She proposed new fiscal policies

• She suggested cutting government programs

• She recommended increasing taxes

What is the nature of the conversations between the speaker and Janet Yellen?

• Publicly disclosed

• Confidential

• Shared with Congress

• Recorded for future reference