Fed would likely oppose $1T coin solution for debt limit – Yellen

Edge of a silver colored coin balanced on end


As the debt ceiling battle escalates on Capitol Hill, a as soon as far-fetched solution to the dilemma has resurfaced. The Treasury would mint a $1T platinum coin, deposit it on the Federal Reserve, and the asset swap would lead to an additional $1T to cowlExtraordinary measuresimpression inventory, bond, gold, silver, and U.S. greenback markets

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