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 Electric Earthquakes: The Secret Behind Massive Gold Deposits READ MORE MetalsDaily – We need to talk about China… READ MORE Why Have Central Banks Been on a Gold-Buying Spree? READ MORE Four Factors Fueling Gold's Continued Rally READ MORE The Bull and Bear Case for Gold in 2024 READ MORE Add a Comment Cancel replyYour email address will not be published.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