Powell Highlights Urgency of Addressing US Debt Path Despite Economic Strength Federal Reserve Chair Jay Powell has expressed concern about the United States’ high budget deficits, warning that the current level of spending is unsustainable given the strong economy and low unemployment rate. Powell emphasized the need to address fiscal imbalances “sooner rather than later,” noting that while the current debt level is manageable, the trajectory is not. His comments come amid growing worries about rising national debt, projected to reach 99% of GDP this year and potentially 122% by 2034. Powell’s statements highlight the tension between fiscal policy and monetary policy, especially as both major political parties seem unlikely to prioritize deficit reduction in the upcoming election. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Despite High Inflation Reports, Fed's Barkin Eyes Future Rate Normalization with Caution READ MORE Labor Market Resilience Amidst Technology Layoff Wave READ MORE Which Commodities Are Doing the Best in 2023? READ MORE Gold Dips Below $2,300, Analysts Eye Potential Price Breakout READ MORE Currency Heat Map Provides Insight into Forex Market Dynamics READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment