Powell Warns ‘The US Is on an Unsustainable Fiscal Path’ In a revealing “60 Minutes” interview, Federal Reserve Chair Jerome Powell highlighted the precarious fiscal trajectory of the United States, stating that the nation’s debt is expanding at a rate outpacing its economy, and it is unsustainable. The U.S. national debt reached a historic high of over $34 trillion in early January, escalating rapidly from the $33 trillion mark hit just three months prior. Amidst ongoing congressional delays in addressing spending deadlines due to disputes over government funding and the soaring national debt, temporary funding measures are in place until early March for various federal agencies, with broader government funding expiring shortly thereafter. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Price Forecast: CommerzBank Says Gold Unlikely To Leave its Trading Range READ MORE Forbes: What To Expect From April’s CPI Report READ MORE The 'Cash Trap': High Interest Rates Lure Investors, but for How Long? READ MORE Schroders Investment Insights: The Case for Gold in 2024 READ MORE Fed's Latest Decision: Status Quo on Rates, but Change is in the Air READ MORE Add a Comment Cancel replyYour email address will not be published.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