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.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed's Waller says crypto is risky, Harker sees continued demandFederal Reserve Governor Christopher Waller on Friday had a pair of warnings for those involved in cryptocurrency assets, telling buyers they could lose their investments, and banks that they must guard against bad actors and risks to the financial system.
Read more »
Camden hosts pre-Super Bowl pep rally to cheer on the Philadelphia Eagles (PHOTOS)Camden native Haason Reddick, a linebacker for the Eagles, will be making his first appearance in a Super Bowl.
Read more »
G20 exploring coordinated crypto regulation: ReutersNirmala Sitharaman, finance minister of current G20 president India, said the group of major economies is discussing coordinated crypto regulation.
Read more »
Last year's laggards lead U.S. stocks' 2023 rebound, for now By Reuters*WALL ST WEEK AHEAD: U.S. INFLATION DATA, RETAIL SALES, MORE EARNINGS TO DRIVE MARKETS - $DIA $SPY $QQQ 🇺🇸🇺🇸
Read more »
Super Bowl Guide: Where to watch and who to watchSuper Bowl 57 between the Philadelphia Eagles and Kansas City Chiefs is rapidly approaching.
Read more »