Federal Reserve’s Jerome Powell "Very Worried" About Massive U.S. Debt

Federal Reserve’s Jerome Powell “Very Worried” About Massive U.S. Debt

Jerome Powell said today that the Federal Reserve has no choice but to face the mounting U.S. debt balance. That negative balance is now $21.9 trillion. The annual U.S. deficit has reached sustained highs of over $1 trillion. Speaking at The Economic Club of Washington, D.C today Powell said: “I’m very worried about it.” Referring … Continue reading Federal Reserve’s Jerome Powell “Very Worried” About Massive U.S. Debt