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US national debt 'unsustainable', no good news in near future

Al Mayadeen English   Source: Agencies    2024-02-05 07:03    0 Shares
3 min read

Fed Reserve chief Jeremy Powell confirms that a rate cut is not likely to occur at the next rate-setting FOMC meeting in March as "debt grows faster than the economy."

Federal Reserve Board Chair Jerome Powell speaks during a news conference about the Federal Reserve's monetary policy at the Federal Reserve, Wednesday, Jan. 31, 2024, in Washington. (AP)
Federal Reserve Board Chair Jerome Powell speaks during a news conference about the Federal Reserve's monetary policy at the Federal Reserve, Wednesday, Jan. 31, 2024, in Washington. (AP)
United Statesnational debtFederal reserveUS debtdebt ceilingUS debt defaultJeremy Powell
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02:12
Al Mayadeen's correspondent in Gaza: Israeli occupation forces carry out bombing operations on residential buildings south of Gaza City.
16:03
Al Mayadeen's correspondent: The Israeli occupation military abducted a Lebanese soldier and three civilians in the southern Lebanese town of al-Majidiyeh
06:38
Al Mayadeen's correspondent in occupied Palestine: Injuries reported after IOF bomb a house in al-Tuffah neighborhood, east of Gaza City.
23:55
Ahmad Abdul Hadi to Al Mayadeen: Hamas insisted that the agreement include a clear commitment to a full end of the war, a full withdrawal from Gaza, and the return of the displaced
19:07
Sheikh Qassem: Praise be to Yemen, which is economically disadvantaged but rich in its people, leadership, beliefs, and steadfastness as it faces off against "Israel" and the United States.
19:02
Hochstein: The withdrawals will continue until the Blue Line
12:37
Gaza Health Ministry: The death toll from the Israeli war on Gaza has risen to 45,854 martyrs, with 109,139 injuries since October 7, 2023
19:04
Sheikh Qassem: The Palestinian people are exceptional, and they and their Resistance are eternal.
13:45
Local source in southern Syria: The Israeli occupation forces are constructing surveillance and espionage towers on the slopes of Mount Hermon in the area overlooking Lebanese territory
11:18
Wafiq Safa, head of Hezbollah's Coordination and Liaison unit: Parliament Speaker Nabih Berri will have a discussion with US envoy Amos Hochstein regarding the Israeli violations of the ceasefire
01:05
Al Mayadeen's correspondent in occupied Palestine: Civil Defense retrieves 1 martyr and 3 injured people as a result of IOF bombing of a residential apartment of the Tafesh family in the vicinity of the al-Shamaa Mosque in the Zeitoun neighborhood.
20:43
Yemeni Armed Forces spokesperson Brigadier General Yahya Saree: Our armed forces carried out an operation targeting the USS Harry S. Truman aircraft carrier with two cruise missiles and four drones

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