Fed Chair Powell: ‘The U.S. federal government is on an unsustainable fiscal path’

Federal Reserve Chair Jerome Powell has repeatedly called out the ballooning U.S. national debt. He did so again while testifying to Congress on Tuesday.

"The U.S. federal government is on an unsustainable fiscal path,” Powell told the Senate Banking Committee, noting that “debt as a percentage of GDP is growing, and now growing sharply… And that is unsustainable by definition

Aarthi Swaminathan | Yahoo Finance

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