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Bloomberg Daybreak Weekend: Economy, Budget, Xi

Bloomberg Daybreak: Asia Edition

00:00

Will Powell's Debt Limit Be a Tough Sell to Congress?

The Fed chairman has always caught between the two political parties up on Capitol Hill. Democrats are worried about interest rates being too high for too long because they're worried about unemployment going up. Republicans will counter that by saying, while the economy is so strong, inflation's not coming down fast enough. Powell will try to steer a course between the two of them protecting the Fed's independence and saying we will do what's best for the economy in our best judgment.

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