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If investors avoid the Treasury market, we could be unable to pay off maturing securities, which would mean an immediate default. Market participants generally agree that even a brief default would create potentially catastrophic risks to the financial system, like the meltdown of 2008.
Jerome Powell
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"If investors avoid the Treasury market, we could be unable to pay off maturing securities, which would mean an immediate default. Market participants generally agree that even a brief default would create potentially catastrophic risks to the financial system, like the meltdown of 2008."
— Jerome Powell #moneywealth

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If investors avoid the Treasury market, we could be unable to pay off maturing securities, whi…

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If investors avoid the Treasury market, we could be unable to pay off maturing securities, which would mean an immediate default. Market participants generally agree that even a brief default would create potentially catastrophic risks to the financial system, like the meltdown of 2008. — Jerome Powell

About Jerome Powell

Jerome Powell was a Public Servant from United States (1953–present).

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Frequently Asked Questions

Who said "If investors avoid the Treasury market, we could be unable to pay off maturing…"?
This quote is attributed to Jerome Powell, a Public Servant from United States.
When did Jerome Powell live?
Jerome Powell lived from 1953 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.