Federal Reserve Chair Jerome Powell has emphasized the urgent need for the United States to address its national debt, describing the current fiscal trajectory as unsustainable. Powell’s stark warning comes at a time when the debt is growing faster than the economy, signaling a borrowing trend that could burden future generations.

He advocates for prioritizing fiscal sustainability sooner rather than later, highlighting the increased government spending on entitlements and interest. This urgency is compounded by the Fed’s efforts to manage inflation through raised borrowing costs, which have subsequently heightened interest payments for the government.

Despite the ability to finance the $27 trillion in publicly held debt, the trajectory suggests significant financial challenges ahead without early intervention to curb annual deficits​​​​.

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