Fed's Powell: U.S. fiscal policy on unsustainable path for some time

Eren Sengezer FXStreet

Jerome Powell, the Chairman of the Federal Reserve System, is responding to questions from Senators in day two of “The Semiannual Monetary Policy Report to the Congress" in an open hearing before the Committee on Banking, Housing, and Urban Affairs.

Key quotes

U.S. fiscal policy on an unsustainable path for some time.
Need to get the economy growing faster than the debt.
The agricultural sector will clearly be affected by China's retaliatory tariffs.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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