"It is in nobody’s interests for there to be worries and instability in the U.S.," said Jonathan Haskel, an economics professor at Imperial College Business School and former member of the rate-setting committee at the Bank of England. "Other countries hold lots of American assets. Savers in Europe will implicitly be invested in the American stock market. America is in many ways a flagship engine, with the A.I. revolution going on. Nobody in the world wants to see that at risk."
Read more at The New York Times.