WASHINGTON—Federal Reserve Chair Jerome Powell on April 14 pushed back on warnings about a rising federal budget deficit and national debt due to aggressive fiscal response to the pandemic and said the “current level of the debt is very sustainable.” “There’s no question of our ability to service and issue that debt for the foreseeable…
Fed’s Powell Says Current US Debt Level Is ‘Very Sustainable’
WASHINGTON—Federal Reserve Chair Jerome Powell on April 14 pushed back on warnings about a rising federal budget deficit and national debt due to aggressive fiscal response to the pandemic and said the “current level of the debt is very sustainable.” “There’s no question of our ability to service and issue that debt for the foreseeable…
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