WorthyNewsBot Posted March 21, 2019 Group: Bots Followers: 3 Topic Count: 39,879 Topics Per Day: 6.47 Content Count: 44,305 Content Per Day: 7.18 Reputation: 985 Days Won: 2 Joined: 06/06/2007 Status: Offline Share Posted March 21, 2019 (Worthy News) - Federal Reserve Chairman Jerome Powell said Wednesday that reducing the federal debt needs to return to the forefront of the agenda, warning that the government's finances are unsustainable. "I do think that deficits matter and do think it’s not really controversial to say our debt can’t grow faster than our economy indefinitely — and that’s what it’s doing right now," Powell said at a press conference following the central bank's monetary policy decision. "I’d like to see a greater focus on that over time." Deficit reduction has fallen from the agenda of Congress and the White House in the Trump era, even as the federal debt held by the public has risen to near $16 trillion and deficits have crept upward back to the $1 trillion level. Trump and Congress have cut taxes and increased spending. [ Source: Washington Examiner (Read More...) ] The post Powell calls for returning focus to the federal debt appeared first on Worthy Christian News. View the full article Link to comment Share on other sites More sharing options...
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