Jerome Powell Admits Federal Budget “Unsustainable” But Assumes We Can Fix It Later

Through the first six months of fiscal 2021, the US government ran a record $1.7 trillion budget deficit. Federal Reserve Chairman Jerome Powell said this is sustainable – for now. During a webinar sponsored by the Economic Club of Washington DC, Powell said the economy can handle the current debt load. But he did warn […]

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Original source: https://schiffgold.com/commentaries/jerome-powell-admits-federal-budget-unsustainable-but-assumes-we-can-fix-it-later/