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 primary concern regarding Congress's actions on the debt limit?

According to the text, what is the only alternative to raising the debt ceiling?

What did the speaker imply about the Federal Reserve's ability to protect the economy?

What did the speaker say about the consequences of failing to raise the debt limit?

What was the speaker's response regarding Secretary Yellen's ability to manage the debt?