Ricky Gutierrez
@rickygutierrezz·1.2M subscribers·5.3K videos
(WARNING) 6 DAYS UNTIL U.S. DEFAULTS...
Posted
May 27, 2023
Views
8,534
Likes
413
Comments
66
Engagement
5.61%
May 27, 2023
8,534
413
66
5.61%
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4:55Now PlayingTreasury Secretary Janet Yellen has warned that the U.S. could default as soon as June 1 if the debt ceiling is not raised. Economists and Wall Street leaders have also raised concern over the possibly devastating impact of a U.S. debt default.
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The Federal Reserve conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy; promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad; promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole; fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations.
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