Fed Chairman Powell says he is 'very worried' about growing amount of US debt
- Total U.S. debt is about $21.9 trillion, of which $16 trillion is owed by the public. The sustained annual U.S. deficit is now believed to be more than $1 trillion.
- In part because of continued rate increases under Powell, the interest cost on that debt could start to become a bigger and bigger burden.
https://www.cnbc.com/2019/01/10/fed-...f-us-debt.html
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