Tag Archive: deficit

Fed Chief Jerome Powell Acknowledges Debt Problem

The U.S. is running massive deficits as the nation’s indebtedness continues to grow. Speaking at the Economic Club of Washington D.D., Fed Chairman Jerome Powell recently acknowledged the issue. In a piece by cnbc.com, Powell was quoted as saying “I’m very worried about it. From the Fed’s standpoint, we’re really looking at a business cycle length: that’s our frame of reference. The long-run fiscal, nonsustainability of the U.S. federal government isn’t really something that plays into the medium term that is relevant for our policy... Continue Reading

Remember that Debt Ceiling Thing?

The nation’s spending limit is quickly coming up, due to expire on the 15th of March. The debt ceiling is a hotly debated topic, and unless Congress acts to expand the debt limit, things could potentially get quite crazy. Back in 2011, the debate over the debt ceiling helped fuel a rally in gold that took the yellow metal to all-time-highs. Standard & Poor’s downgraded the U.S. credit rating that year, sending shockwaves through global markets and putting into question the country’s status as the... Continue Reading