The Fed's Position on the Debt Ceiling Is to Do Nothing

Jay Powell has made it very clear and I've agreed with him that the Fed's position about the debt ceiling is to do nothing. This is a 100% political act and this for it needs to be solved by Congress without any mitigation by anybody else in terms of trying to fix this. Jim, when you look at the two scenarios either the Fed continues to raise rates and continues to break something or they don't inflation continues higher. Those two scenarios, one inflation high prices won't high prices save themselves from other future high prices. Give me down just really quickly if he does nothing. What's the difference? If he focuses a lot on inflation then financial markets could struggle. He doesn't