The US national debt is projected to exceed $35 trillion, reaching 166% of GDP by 2054. Despite concerns from Wall Street and experts like Janet Yellen, the topic of debt is not frequently discussed on the presidential campaign trail. Yellen emphasizes the importance of rare interventions and effective communication for economic stability, mentioning that FX intervention should target excess moves and tax revenues should be used to reduce the deficit. Yellen also warns that a higher interest rate path exacerbates the fiscal challenge posed by the massive deficit and debt.
“Higher for Longer” Drives this to $1.5T a year, if the Fed keeps rates were they are today a year from now. Over $11T or US debt matures in 2024 - 2025. Yellen has front-end loaded maturities, that’s the problem. https://t.co/kXZ1WohWiH
Treasury Secretary Janet Yellen emphasizes rare interventions and effective communication as crucial components for economic stability and growth.
US Tsy Sec. Yellen: If FX Intervention Does Happen, It Should Be For ‘Excess Moves’ - BBG TV - Possible To Intervene When Excess Volatility Occurs - Interventions Should Be Rare, Communicated - Says She Watches USD, EUR, JPY, CNY
❖ YELLEN: I WATCH THE DOLLAR VS EUR, YEN, YUAN CERTAINLY
JUST IN: 🇺🇸Janet Yellen admits that higher interest rates make the "fiscal challenge" worse. By fiscal challenge, she means the massive deficit and $34 TRILLION debt. https://t.co/OY67CgJxtd
US TREASURY SECRETARY YELLEN: IF FX INTERVENTION HAPPENS, IT SHOULD BE FOR EXCESS MOVES.
🇺🇸 JANET YELLEN: HIGHER INTEREST RATE PATH WORSENS FISCAL CHALLENGE
❖ YELLEN: IF FX INTERVENTION HAPPENS, SHOULD BE FOR EXCESS MOVES
❖ YELLEN: HIGHER INTEREST RATE PATH WORSENS FISCAL CHALLENGE
US TREASURY SECRETARY YELLEN: TAX REVENUES SHOULD BE USED TO LOWER THE DEFICIT.
The Fed Fears a Bond Meltdown | @dlacalle_IA The Fed doesn't want to admit that new federal debt is significantly higher than private sector demand, and the Fed is more concerned about a bond market meltdown than price inflation. https://t.co/aaEpSKtl7n
Where is the bond market's breaking point? For all the hand-wringing about US government debt, it’s not at $35 trillion, says @BobOnMarkets https://t.co/eGsjpcYhte via @opinion
Where is the bond market's breaking point? For all the hand-wringing about US government debt, it’s not at $35 trillion, says @BobOnMarkets https://t.co/oj0WxehJf9
US TREASURY SECRETARY YELLEN SPEAKS AT 40 AM ET
Wall Street is often concerned about the US national debt, which is set to surpass $35 trillion in the coming months and could represent 166% of GDP by 2054. But weeks can go by on the presidential campaign trail without the topic coming up. https://t.co/iEKSFfPEO4