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Ex-Fed Dudley: Failure to lift debt ceiling means stock & bond prices see violent decline

Ex-Fed Dudley: Failure to lift debt ceiling means stock & bond prices see violent decline
Bill Dudley, is a prior president of the New York Federal Reserve branch and now a senior research scholar at Princeton University's Center for Economic Policy Studies. He wrote a column, published by Bloomberg, warning on the US debt limit negotiations:"At this point in the financial and economic cycle, the consequences of failing to reach a deal would be particularly dire.""Even if prioritization averted an immediate default on Treasury securities, the damage would be vast. Markets — still dea... Read More
Posted: May 3 2023, 02:34
Author Name: forexlive
Views: 092080

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