Federal Reserve Chairman: The United States is on the path to financial instability
"The US federal government is on a long-term path to fiscal instability," Federal Reserve Chairman Jerome Powell said in response to a question about whether debt is a danger to the US economy. Vianyan said that this would mean faster growth of the economy. However, Powell added: "I don't think it's strange at all. "I think we know we have to get back on a sustainable financial path." He also stated about the timing of the Fed's decision to start the interest rate reduction process: "We are looking for evidence to ensure that inflation is stable up to 2%. We want to be more sure about the conditions before taking that very important step to start lowering the interest rate."
