EXCERPT:
POWELL: “You know, we don’t give Congress fiscal advice. They’re going to do — we take what they do as a given and we put it in our models and in our assessment of the economy. So, I wouldn’t want to speculate on that. I think we do know that the debt is on an unsustainable level — on an unsustainable path, not at an unsustainable level, but an unsustainable path, and it’s on Congress to figure out how to get us back on a sustainable path and, you know, it’s not up to us to give them advice.”