Jerome Powell, chair of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., on February 1, 2023. (Photographer: Al Drago/Bloomberg)
In 2011, in the worst political showdown over the U.S. debt limit to date, a little-known Treasury official helped convince lawmakers that raising the debt ceiling was the only option. He's back at it now, but from a much higher perch: chair of the Federal Reserve.
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