brendan peterson with punch bowl news. i wanted to ask if the fed takes into account at all the debt ceiling when it comes to quantitative tightening given fact that rapid or faster quantitative tightening could bring us close closer faster to that drop dead debt ceiling kidline. could it play an -- deadline. could it play an effect as we get closer to that drop dead deadline thisne summer? >> look, i -- it's very hard to think about all the different possible ramifications, and i think the answer is basically i don't think there's's likely toe any coordinated action between the who the because i believe congress will wind up acting. wand as it will and must in the end to raise debt ceiling in a way that doesn't risk, you know, progress we're making existence inflation and the economy -- against inflation and the economy and the financial sector. i believe that will happen. i believe it'll happen. we, of course, will monitor money market conditions carefully as, you know, as the process moves on. for example, the treasury

request brendan peterson with punch bowl news. i wanted to ask if the fed takes into account at all the debt ceiling when it comes to quantitative tightening given the fact that faster quantitative tightening could bring us closer, faster to that deadline. could it play in effect as we get closer to that dropdead deadline this summer? >> it is very hard to think about all the different possible ramifications. i think the answer is i don't think there is likely to be any important interactions between the two. i believe congress will wind up acting as it will and must in the end to raise the debt ceiling in a way that does not risk the progress we are making against inflation and the economy and the financial sector. i believe that will happen. i believe it will. we will monitor money market conditions carefully. as the process moves on, for example, the treasury general account will shrink down and then it will grow back up and we understand there will be lots of flows between their and the reserves. we understand all that and we

. >> last question >> reporter: thank you, chair powell brendan peterson with punchbowl news does the fed takes into the ceiling given the fact that rapid or faster quantitative tightening could bring us closer faster to the drop-dead decline. -- deadline. would it bring us closer >> it's hard to think about all the possible ramifications i think the answer is basically i don't think there's likely to be any important interaction between the two, because i believe congress will end up acting, as it must in the end, in a way that doesn't risk the progress we're making against inflation, and the economy i believe that will happen we, of course will monitoring market conditions carefully, as the process moves on for example, the treasury general account will shrink down and then grow back up. we understand there will be lots of flowing between there and reserves we understand all of that. we're watching it carefully. thank you very much. >>> a big rally on the remarks the federal reserve raises interest rates, as expected, by a quarter of a percentage point. that's a step down from last

. >> brendan peterson with possible news. i wanted to ask if the fed takes into account all the debt ceiling when it comes to quantitative tightening getting the fact that rapid or quantitative tightening could really bring us closer faster to drop dead debt ceiling limit, could play as we get closer to that dead ceiling? >> it's very hard to think about all the different possible ramifications and i think i don't think there's likely to be any important interaction. i believe congress will wind up acting as it will in most any iteration of the debt ceiling in a way that doesn't risk the progress we're making inflation at the economy substantially. i believe that will happen. we of course monitor money market conditions carefully. as the process moves on for example treasury general account will shrink down and scroll back up and there will be evidence and flows between there and the reserves. we understand all that but we're watching itcarefully . thank you very much. >> >> one who joined us to talk about entitlementprograms