Jerome Powell says $39 trillion national debt is ‘not unsustainable,’ but warns the trajectory ‘will not end well’

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…

Federal Reserve Chair Jerome Powell Just Gave Investors Great News

Powell spoke earlier today to a class at Harvard University.

Jerome Powell Stares Down a $39 Trillion Abyss — and Blinks

Jerome Powell doesn’t scare easily. The Federal Reserve chairman has steered the U.S. economy through a pandemic, a historic inflation spike, and relentless political pressure from presidents of both parties. But when he turned his attention to the federal government’s $39 trillion debt load during a recent appearance, even Powell couldn’t mask what amounted to a quiet alarm. “It’s not unsustainable,” Powell said of the national debt. Then came …

Powell on $39T Debt: We Don’t Have to Pay the Debt Down, We Just Need to Have Primary Balance and Begin to Have the Economy Actually Growing Better