• Fed Chair Jerome Powell says he's worried about rising US debt

    6 monthes ago - By Business Insider

    Federal Reserve Chairman Jerome Powell is concerned about rising US debt. The annual debt in 2018 topped $1 trillion, while the overall deficit was $21.9 trillion as of January 8, according to the US Treasury , $16 trillion of which is owed by the public.
    "I'm very worried about it," Powell told those at The Economic Club of Washington, DC, on Thursday. "From the Fed's standpoint, we're really looking at a business cycle length: that's our frame of reference."
    Part of the cause of the rising deficit, PBS NewsHour corresponded Lisa Desjardins explains, is that 2018 was the first year of...
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  • Fed chair Powell predicts no recession in 2019

    Fed chair Powell predicts no recession in 2019

    6 monthes ago - By Washington Post

    The Fed chair said the economy has "good momentum" and that he doesn't see a major downturn ahead.
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