Fed's Harker: A US debt default would have enemies cheering – by fx_ross Fed DollarIndex China Politics
eiling that a default on US government debt triggered by political brinkmanship over federal borrowing limits and the budget deficit would be dire,
"Imagine us as a nation, the leading nation in the world, defaulting on our debt - that's hard to recover from," Harker said at a Global Interdependence Center conference in La Jolla, California. "And our competitors, our enemies, will cheer in the streets."Fed's keeping rates low meant hurdle rate for new investments was low, may have fostered crypto investments. Consequences of a debt ceiling crisis would be dire.
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