"We believe that it is very important that we have hopefully averted what would have been the most substantial headwind of all, which is a default for the first time in our history, and that that will contribute to a more positive environment that we hope will allow for greater growth and job creation"
About this Quote
The subtext is a lesson in how power talks when it’s negotiating with its own dysfunction. “Averted” is the hero verb, but it’s immediately undercut by the fact that the disaster in question isn’t a hurricane or a war; it’s “a default for the first time in our history,” a self-inflicted wound that’s only “averted” because someone finally stopped aiming. Carney frames normal fiscal responsibility as an extraordinary achievement, which quietly acknowledges how low the bar has sunk.
The phrase “most substantial headwind of all” is an economic metaphor doing political work. A “headwind” sounds like weather: impersonal, unfortunate, nobody’s fault. Default, in reality, is a choice. By rebranding political brinkmanship as atmospheric conditions, the administration can urge calm markets, reassure voters, and gently scold opponents without naming them.
Ending on “greater growth and job creation” is the required landing gear: a pivot from process to people. It’s also a hedge. If growth doesn’t materialize, the sentence already told you it only “hope[d]” it would.
Quote Details
| Topic | Money |
|---|---|
| Source | Help us find the source |
| Cite |
Citation Formats
APA Style (7th ed.)
Carney, Jay. (2026, January 17). We believe that it is very important that we have hopefully averted what would have been the most substantial headwind of all, which is a default for the first time in our history, and that that will contribute to a more positive environment that we hope will allow for greater growth and job creation. FixQuotes. https://fixquotes.com/quotes/we-believe-that-it-is-very-important-that-we-have-56878/
Chicago Style
Carney, Jay. "We believe that it is very important that we have hopefully averted what would have been the most substantial headwind of all, which is a default for the first time in our history, and that that will contribute to a more positive environment that we hope will allow for greater growth and job creation." FixQuotes. January 17, 2026. https://fixquotes.com/quotes/we-believe-that-it-is-very-important-that-we-have-56878/.
MLA Style (9th ed.)
"We believe that it is very important that we have hopefully averted what would have been the most substantial headwind of all, which is a default for the first time in our history, and that that will contribute to a more positive environment that we hope will allow for greater growth and job creation." FixQuotes, 17 Jan. 2026, https://fixquotes.com/quotes/we-believe-that-it-is-very-important-that-we-have-56878/. Accessed 7 Feb. 2026.







