Fed Chairman Jerome Powell's Take on a Debt Ceiling Crisis

The Fed does not want to be in a position where it's facilitating congressional gridlock into the indefinite future. The Fed likely would, you know, intervene if circumstances called for it. I don't think they would be keen on it if it didn't look like it was a bridge to an agreement. If the US goes through a sustained default and it's not clear that Fed can do much then., he says.