Federal Reserve Chair Powell emphasized the broad support for an independent Fed in the United States from both political parties. Powell highlighted the very large and unsustainable budget deficit, stressing the need to address it sooner rather than later.
POWELL SAYS U.S. DEFICIT BETTER FIXED SOONER RATHER THAN LATER The U.S. government deficit is unsustainable, Chair Powell said in Europe, while avoiding comment on fiscal policy, as usual. The subject arose as markets brace for the possibility of the same party controlling the…
⚠️ FED'S POWELL: ** VERY BROAD SUPPORT FOR AN INDEPENDENT FED IN THE UNITED STATES **BOTH POLITICAL PARTIES ON CAPITOL HILL SUPPORT AN INDEPENDENT FED ** BUDGET DEFICIT VERY LARGE **DEFICIT PATH UNSUSTAINABLE **SOONER OR LATER THIS NEEDS TO BE TACKLED AND IT'S BETTER SOONER
FED'S POWELL: SOONER OR LATER THIS NEEDS TO BE TACKLED AND IT'S BETTER SOONER
FED'S POWELL: THE BUDGET DEFICIT IS VERY LARGE, AND THE DEFICIT PATH IS UNSUSTAINABLE.
FED'S POWELL: VERY BROAD SUPPORT FOR AN INDEPENDENT FED IN THE UNITED STATES