Fed Chairman Powell says he is 'very worried' about growing amount of US debt | WHAT REALLY HAPPENED


Fed Chairman Powell says he is 'very worried' about growing amount of US debt

Federal Reserve Chairman Jerome Powell is concerned about the ballooning amount of United States debt.

"I'm very worried about it," Powell said at The Economic Club of Washington, D.C. "From the Fed's standpoint, we're really looking at a business cycle length: that's our frame of reference. The long-run fiscal, nonsustainability of the U.S. federal government isn't really something that plays into the medium term that is relevant for our policy decisions."

However, "it's a long-run issue that we definitely need to face, and ultimately, will have no choice but to face," he added.

Webmaster's Commentary: 

"The American people have to give us what is left of their money."

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