Interesting
The US Federal Reserve announced that it would not be able to help the country in the event of a default. Fed chief Jerome Powell said the central bank could not be counted on to prevent the short- and long-term consequences of defaults in the US economy.
He says it is necessary to raise the national debt ceiling in time for the US government to meet its financial obligations on time. According to him, a failure in this case will have serious consequences. Blitzwrites about this.
Asked by reporters about the likelihood of a US default, Powell said even talking about such a situation was unacceptable. According to him, the United States must always meet its financial obligations.
It used to be known that, without exaggeration, US debt is a ticking time bomb that will explode on June 1 if serious and responsible action is not taken. US Treasury Secretary Janet Yellen thinks so.
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