Fed Chair Jerome Powell warns government debt is on an unsustainable path

Fed Chair Jerome Powell warns government debt is on an unsustainable path

Fed Chair Jerome Powell warns that government debt is on an 'unsustainable path' and admits that he 'underestimated' the threat of inflation for much of last year - Powell testified before Congress for the second day in a row on Thursday - He admitted that the Fed underestimated the threat of inflation last year - Warned that federal debt growing faster than the economy is 'unsustainable' - Said that a recession is possible as the Fed raises rates to fight inflation Federal Reserve Chairman Jerome Powell has said that US government debt is on an 'unsustainable path' while admitting that he underestimated the threat of inflation and warning that a recession is possible. Powell's remarks came in testimony before the House Financial Services Committee on Thursday, as the powerful Fed …
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