{"id":133205,"date":"2024-07-15T20:45:28","date_gmt":"2024-07-15T17:45:28","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133205"},"modified":"2024-07-16T14:08:21","modified_gmt":"2024-07-16T11:08:21","slug":"jerome-powell-issues-a-warning-on-us-debt-crisis","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/jerome-powell-issues-a-warning-on-us-debt-crisis\/","title":{"rendered":"Jerome Powell Issues a Warning on US Debt Crisis"},"content":{"rendered":"

During the interview<\/a><\/strong>, Rubenstein asked Powell what is the biggest economic challenge the USA faces \u2013 is it growth, inflation, or a potential hard landing?<\/p>\n

Powell said that what\u2019s keeping him up at night is the thought of balancing their decision \u2013 if they ease the rates too early they could undermine the progress on inflation. On the other hand if they wait too long\u00a0they can undermine economic activity and expansion.<\/p>\n

Rubenstein questioned the Fed Chairman about his opinion on the debt crisis the USA is currently facing \u2013 a $35 trillion outstanding debt and an additional up to $2 trillion a year.<\/p>\n