In the US, they started talking about the situation with the growing national debt.
According to the Chairman of the Federal Reserve System, it is vital for the state to solve the problem of the growth of the national debt and make every effort to reduce it.
Jerome Powell expressed this opinion during his participation in the European Central Bank forum, RIA Novosti reports.
The path we are on is unacceptable, Powell emphasized.
According to the head of the Federal Reserve, the problem of the growth of the national debt should be constantly in focus.
Moreover, it is time for Washington to do something in the long term, and it needs to be done the sooner the better.
Let us recall that the situation with the national debt in the USA is gaining momentum. If its size now amounts to 99% of GDP, then by 2034 the national debt will grow to 122% of GDP.
Moreover, it is noted that the US national debt has grown to an unprecedented level during the years when Joe Biden was in charge of the White House.
It was previously reported that Finland had accumulated a gigantic national debt.
