Fed's Powell says US on 'unsustainable fiscal path' as debt burden rises
Powell said THE Federal Reserve needs "more trust" In THE WE. economy Before he can to start Cut rates.
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Federal Reserve Chair Jerome Powell East warning THE United States East on A " unsustainable tax path," with debt Currently exceeding growth In THE wider economy.
Speaking In A Jan. 4 interview with 60 Minutes, Powell said It is NOW "pass time" For elected WE. civil servants has to start having A "adult discussion" about reduce THE level of debt In THE economy.
"In THE long run, THE WE. East on A unsustainable tax path. THE WE. federal Governments on A unsustainable tax path. And that just means that THE debt East growth faster that THE economy," Powell said.
[embedded content]THE price of Bitcoin (BTC) tripped late last week When THE fed LEFT interest rates has 5.25% to 5.50% And THE central bank with dots hope of any of them rate cuts In March, saying that he would be need "bigger trust" that inflationary pressures had has been treaty with Before TO DO therefore.
Powell reiterated This during THE interview, saying that THE fed was always waiting For "GOOD" evidence of economic strength Before he could consider Cut rates.
"It is not likely that This Committee will reach that level of trust In time For THE March meeting, which East In Seven weeks," Powell said, add that "almost all" members of THE Federal Reserve advice believe that cuts will occur Sometimes This year.
"We just to want a few more trust Before We take that very important stage of beginning has cut interest prices. »
Rate cuts are considered bullish For risk assets such as cryptocurrencies And growth oriented technology companies such as Apple, Nvidia And other big technology st...
Powell said THE Federal Reserve needs "more trust" In THE WE. economy Before he can to start Cut rates.
News
Join
We
on
social
networks
Federal Reserve Chair Jerome Powell East warning THE United States East on A " unsustainable tax path," with debt Currently exceeding growth In THE wider economy.
Speaking In A Jan. 4 interview with 60 Minutes, Powell said It is NOW "pass time" For elected WE. civil servants has to start having A "adult discussion" about reduce THE level of debt In THE economy.
"In THE long run, THE WE. East on A unsustainable tax path. THE WE. federal Governments on A unsustainable tax path. And that just means that THE debt East growth faster that THE economy," Powell said.
[embedded content]THE price of Bitcoin (BTC) tripped late last week When THE fed LEFT interest rates has 5.25% to 5.50% And THE central bank with dots hope of any of them rate cuts In March, saying that he would be need "bigger trust" that inflationary pressures had has been treaty with Before TO DO therefore.
Powell reiterated This during THE interview, saying that THE fed was always waiting For "GOOD" evidence of economic strength Before he could consider Cut rates.
"It is not likely that This Committee will reach that level of trust In time For THE March meeting, which East In Seven weeks," Powell said, add that "almost all" members of THE Federal Reserve advice believe that cuts will occur Sometimes This year.
"We just to want a few more trust Before We take that very important stage of beginning has cut interest prices. »
Rate cuts are considered bullish For risk assets such as cryptocurrencies And growth oriented technology companies such as Apple, Nvidia And other big technology st...
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