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Jerome Powell Says $39 Trillion National Debt Is ‘Not Unsustainable,’ but Warns the Trajectory ‘Will Not End Well’
Powell said the Fed's 3.50%-3.75% rate range remains appropriate despite oil price surge linked to Iran conflict, signaling low chances of near-term hikes, easing investor concerns.
Summary by Fortune
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Jerome Powell says $39 trillion national debt is ‘not unsustainable,’ but warns the trajectory ‘will not end well’
Federal Reserve Chair Jerome Powell offered a sobering assessment of America’s fiscal health on Monday, telling a Harvard economics class audience that while the nation’s $39 trillion debt load is not immediately dangerous, the path the country is on demands urgent attention from lawmakers. “The level of the debt is not unsustainable,” Powell said during a wide-ranging conversation before roughly 400 students, “but the path is not sustainable. I…
·New York, United States
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Coverage Details
Total News Sources2
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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