Jerome Powell warns of unsustainable fiscal path amid debt surge

Dec 4, 2024 · Federal Reserve Chair Jerome Powell warned Wednesday that the U.S. is on an “unsustainable” fiscal path and called for a course correction days after the national debt …

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After Jerome Powell Warns Of 'unsustainable' $34 Trillion National …

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Feb 8, 2024 · Jerome Powell had warned just days earlier that "The debt is growing faster than the economy, so it is unsustainable." Publicly held debt increasing from 99% to 116% of GDP, …

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After Jamie Dimon Warns Of Market ‘rebellion’ Against $34 Trillion ...

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Feb 5, 2024 · Fed Chair Powell joins a number of critics of fiscal policy and the surging national debt, including JPMorgan Chase CEO Jamie Dimon. Dimon, warned last month that the U.S. …

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FAQs about Jerome Powell warns of unsustainable fiscal path amid debt surge Coupon?

Is the US on an 'unsustainable' fiscal path?

Federal Reserve Chair Jerome Powell warned Wednesday that the U.S. is on an “unsustainable” fiscal path and called for a course correction days after the national debt topped $36 trillion for the first time ever. “The U.S. federal budget is on an unsustainable path. ...

What did Powell say about the US debt burden?

Eisen also pressed Powell on the U.S. debt burden and potential fiscal policy shifts. Powell expressed concerns about a large deficit being run at a time of full employment. “The level of debt we have is not unsustainable, but the path that we’re on is unsustainable,” Powell stated. ...

Is the federal budget on an 'unsustainable' path?

Federal Reserve Chair Jerome Powell warned the nation is on an “unsustainable” fiscal path after the national debt topped $36 trillion for the first time ever. “The U.S. federal budget is on an unsustainable path. ...

Will Fed chairman Jerome Powell address US debt?

With the United States’ national debt closing in on $34.2 trillion, some of the biggest figures in the world of finance have been speaking out. But few expected Federal Reserve Chairman Jerome Powell to address the issue—at least until this weekend, when Powell spoke out about the debt on CBS’s 60 Minutes Sunday. ...

What did Powell say at the ECB Forum on central banking?

At the ECB Forum on Central Banking, Federal Reserve Chair Jerome Powell emphasized a careful approach Tuesday to potential interest rate cuts and stressed the critical issue of the United States’ unsustainable debt path. ...

Why did Powell call for more responsible budgeting?

The Federal Reserve chair said he was worried future generations would be stuck with the bill. Powell urgently called for more careful and responsible budgeting. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. By clicking “Sign Up”, you accept our and . ...