On the recordNovember 13, 2019
Our debt is growing faster than our economy by a margin. And so I think by definition that makes it unsustainable.
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congress.govOur debt is growing faster than our economy by a margin. And so I think by definition that makes it unsustainable.
Powell discusses the unsustainable growth of national debt relative to the economy.
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If we're going to do that successfully, we need to do it in a completely nonpolitical way, which means we don't take sides, we don't play one side against the other, we stay out of issues that are really not our bailiwick.