Powell Warns ‘The US Is on an Unsustainable Fiscal Path’ In a revealing “60 Minutes” interview, Federal Reserve Chair Jerome Powell highlighted the precarious fiscal trajectory of the United States, stating that the nation’s debt is expanding at a rate outpacing its economy, and it is unsustainable. The U.S. national debt reached a historic high of over $34 trillion in early January, escalating rapidly from the $33 trillion mark hit just three months prior. Amidst ongoing congressional delays in addressing spending deadlines due to disputes over government funding and the soaring national debt, temporary funding measures are in place until early March for various federal agencies, with broader government funding expiring shortly thereafter. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Ron Paul Urges End to Fed, Don't Tax the Rich READ MORE Asia gold: Dealers grapple as sky-high rates erode demand in key hubs READ MORE Fed’s Inflation Target Faces Heat from LiberalsSeeking Economic Reform READ MORE Gold Set for a Great 2024, with Silver to Shine Even Brighter: UBS Insights READ MORE Signs of an Impending 2024 Recession, Says Citi's Top Economist READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment