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https://www.wsj.com/articles/fed-officials-face-loathsome-playbook-for-debt-ceiling-standoff-6a0e5754

Fed Officials Face ‘Loathsome’ Playbook for Debt-Ceiling Standoff

‘These are decisions you really, really don’t ever want to have to make,’ Fed Chair Jerome Powell said during contingency planning in 2013

By Nick Timiraos
President Biden said Wednesday that he wouldn’t accept welfare program work requirements that could affect people’s medical health needs as part of debt-ceiling negotiations with Republicans. Photo: Chip Somodevilla/Getty Images

Washington’s debt-limit impasse could soon force officials at the Federal Reserve to revisit a crisis-management playbook they put together during similar fights a decade ago.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.