Wrightson ICAP stated that, under the debt ceiling constraint, revaluing the US gold reserves may seem attractive, but it would have profound implications for the financial system, increase Liquidity, and extend the Fed's balance sheet reduction timeline. The core idea is that the government should revalue the gold reserves from $42.22 per ounce (legacy price under the Bretton Woods System) to market price. Wrightson ICAP economist Lou Crandall suggested that the likelihood of reevaluating the Treasury's gold holdings is slim, the benefits would be minimal, and the public relations response could be quite chaotic.