Powell Warns of Unsustainable US Debt

Federal Reserve Chair Jerome Powell has voiced serious concerns regarding the United States' fiscal trajectory, describing the nation's mounting debt as 'unsustainable.' Speaking at Harvard University, Powell cautioned that the current path of increasing debt levels will ultimately lead to negative consequences. His remarks highlight the growing economic risks associated with the significant national debt and underscore the urgency for fiscal policy adjustments to ensure long-term economic stability and avoid a potential crisis.