https://youtu.be/PK1Oy_aUWlA
*This 25bp move means that the federal reserve is too predictable on the upside of interest rates.; it is like they are following the media.
I do wonder what the fed. reserve will do if default happens?
Yellen has said early June the treasury has with "extraordinary measures" as prescribed by law. After that the cash runs out and default happens.
https://www.cbs58.com/news/debt-ceiling-heres-what-you-should-know-as-threat-of-default-looms
https://www.cnbc.com/2023/01/19/yellen-says-treasury-is-taking-extraordinary-measures-to-avoid-default-as-us-hits-debt-limit.html
I guess this answers my question: https://asreport.americanbanker.com/news/powell-to-congress-fed-cant-protect-economy-from-u-s-debt-default
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