The Chairman of the Federal Reserve, Jerome Powell, brought Bitcoin (BTC) to the spotlight during his testimony to the Senate Banking Committee on Thursday. In his first day of testimony, Powell touched on the current state of the U.S. economy, covering everything from the ramifications of not raising the debt ceiling to his current status […]
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Federal Reserve’s Jerome Powell “Very Worried” About Massive U.S. Debt
Jerome Powell said today that the Federal Reserve has no choice but to face the mounting U.S. debt balance. That negative balance is now $ 21.9 trillion. The annual U.S. deficit has reached sustained highs of over $ 1 trillion. Speaking at The Economic Club of Washington, D.C today Powell said: “I’m very worried about it.” Referring
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