Navigating the Risks of the Debt Ceiling Deal and Fed Policy.
TL;DR Summary
Chicago Federal Reserve Bank President Austan Goolsbee has welcomed the news of a deal to suspend the US debt ceiling, saying that failure to forge an agreement would be "extremely negative" for the financial system and broader economy. He declined to say whether he would support an interest-rate hike at the Fed meeting on June 13-14, saying that the full impact of central bank rate increases to date had yet to be felt.
Topics:business#austan-goolsbee#federal-reserve#finance#financial-system#interest-rates#us-debt-ceiling
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