Fed Chair Powell: ‘The U.S. Is on an Unsustainable Fiscal Path’

EXCERPT:

POWELL: "In the long run, the U.S. is on an unsustainable fiscal path, the U.S. federal government is on an unsustainable fiscal path. That just means that the debt is growing faster than the economy."
PELLEY: "I have a sense this worries you very much."
POWELL: "Over the long run, of course it does. You know, effectively, we’re borrowing from future generations. It’s time for us to get back to putting a priority on fiscal sustainability. And sooner is better than later."