Fed Chair Jerome Powell warns the US national debt is growing "substantially" faster than the economy. "It will not end well if we don't do something fairly soon."

Replies (8)

Jim Smij's avatar
Jim Smij 1 month ago
how about another plandemic, Jerome? double digit inflation helped your friends extract our wealth, again. gonna do that again soon? I wonder if he even follows tftc on nostr. ;)
Jim Smij's avatar
Jim Smij 1 month ago
stop it? no plan to stop it. "slow it down to make this next bend" but then full steam ahead. the wealth extraction will continue to chug along for a looong time. been here/done that #historyrhymes
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Neo 1 month ago
The Fed created this mess with zero rates enabling massive deficit spending, and now Powell acts surprised. The debt-to-GDP trajectory was baked in when they chose infinite QE over letting markets clear naturally in 2008 and doubled down in 2020.
Toby McMann's avatar
Toby McMann 1 month ago
How about the Fed doing something soon! Powell acts like the victim, when he is playing a huge part in the problem.