America’s Federal Budget On ‘Unsustainable Path,’ Warns Fed Chair Jerome Powell | The Daily Caller

Federal Reserve Chair Jerome Powell warned Wednesday that the federal budget is on “an unsustainable path” due to rising levels of federal debt.

Powell told the Joint Economic Committee that the “high and rising federal debt,” which now tops $23 trillion, could make it difficult for the economy to recover from future market downturns.

Source: America’s Federal Budget On ‘Unsustainable Path,’ Warns Fed Chair Jerome Powell | The Daily Caller

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