Fed's Powell Says Raising Debt Ceiling Is 'Only Way Out'

The transcript discusses the critical role of Congress in addressing policy issues, particularly the need to raise the debt ceiling to avoid adverse economic consequences. It highlights the potential harm of a debt default and the importance of maintaining the United States' full faith and credit. The discussion also touches on market reactions and the expectation that the situation will resolve as it has in the past.

In what ways do markets react to the uncertainty surrounding the debt ceiling?

What historical context is provided regarding the resolution of debt ceiling issues?