Fed Chair Powell on Debt: ‘We Are on a Unsustainable Path,’ ‘Growing Faster than the Economy’

EXCERPT:

POWELL: “Now we’re on an unsustainable path. That is not an unsustainable level, but the path is unsustainable, meaning it’s growing faster than the economy, meaningfully faster than the economy. We have to address that overtime. We will address it overtime. And a better way to do it is soon and to do it in good times.”