Powell Warns of 'Unsustainable Fiscal Path' as U.S. Debt Tops $34 Trillion

The Federal Reserve Chair calls for urgent fiscal policy reform amid concerns from financial leaders.

Federal Reserve Chair Jerome Powell warns the U.S. is on an 'unsustainable fiscal path' with national debt exceeding $34 trillion.
Powell calls for an 'adult conversation' among elected officials to address the fiscal policy and avoid future economic crises.
Critics, including JPMorgan CEO Jamie Dimon, express concerns over the growing national debt and its potential impact on the economy.
Economist Peter Schiff criticizes Powell for portraying the national debt as a long-term issue, arguing it poses a significant short-term threat.
Despite concerns, the U.S. economy shows signs of strength with a 3.3 percent growth rate in Q4 2023 and a decrease in inflation to 3.4 percent.