Powell Spooks Markets, More Job Cuts at Meta

Bloomberg's Caroline Hyde and Ed Ludlow discuss Fed Chair Jerome Powell testimony that failure to reach a deal on the national debt limit could have dire consequences for the economy, hinting a higher than expected rate hike, and upping his fight with crypto. Plus Meta is planning to layoff thousands more this week to fulfill CEO Mark Zuckerberg's Year of Efficiency. See omnystudio.com/listener for privacy information.