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-0.00193682431242741 0 -0.00181145895693215 -0.00156460189456632 -0.00154945944994189 -0.000986019649963128 -0.000246504912490732 -0.000598654787477606
Stock impact report

Jerome Powell says $39 trillion national debt is ‘not unsustainable,' but warns the trajectory ‘will not end well' [Fortune]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Fortune
that while the nation's $39 trillion debt load is not immediately dangerous, the path the country is on demands urgent attention from lawmakers. Recommended Video “The level of the debt is not unsustainable,” Powell said during a wide-ranging conversation before roughly 400 students, “but the path is not sustainable. It will not end well if we don't do something fairly soon.” The remarks extend a consistent warning Powell has sounded for years, that while the the debt level is manageable in the short term, the fiscal trajectory absolutely is not. His comments also came as the average national gas price neared $4 per gallon amid a war in Iran that shows no signs of resolving soon, despite President Trump's inconsistent noises about a potential end to hostilities. Powell was careful to draw a distinction between the stock of debt and its trajectory, noting that the U.S., as the world's reserve currency issuer and home to the deepest capital markets on earth, can sustain a large Show less Read more
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