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Fed chair is ‘very worried' about ballooning debt US will inevitably face

2 monthes ago   |   By RT

The head of the US Federal Reserve, Jerome Powell, is concerned about US debt, which has recently topped $21.9 trillion, according to US Treasury Department data.
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Fed Chair Jerome Powell says he's worried about rising US debt

Fed Chair Jerome Powell says he's worried about rising US debt

2 monthes ago   |   By Business Insider

Federal Reserve Chairman Jerome Powell is concerned about rising US debt. The annual debt in 2018 topped $1 trillion, while the overall deficit was $21.9 trillion as of January 8, according to the US Treasury , $16 trillion of which is owed by the public.
"I'm very worried about it," Powell told those at The Economic Club of Washington, DC, on Thursday. "From the Fed's standpoint, we're really looking at a business cycle length: that's our frame of reference."
Part of the cause of the rising deficit, PBS NewsHour corresponded Lisa Desjardins explains, is that 2018 was the first year of...
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