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News@lemmy.worldEnglish · 9 months ago

Fed Chair Jerome Powell on 60 Minutes: The US is on an unsustainable economic path

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Fed Chair Jerome Powell on 60 Minutes: The US is on an unsustainable economic path

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News@lemmy.worldEnglish · 9 months ago

Fed Chair Jerome Powell: The 2024 60 Minutes Interview

Federal Reserve Chair Jerome Powell gives his thoughts on inflation risks, the economy, the timeline for cutting rates, the health of the country’s banks and...

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9 months ago
Short answer, I misunderstood. “Debt held by the public” sounds like my credit card debt, but it’s not. That is (obvious now) private debt.

https://www.crfb.org/papers/qa-gross-debt-versus-debt-held-public

https://research.stlouisfed.org/publications/page1-econ/2020/03/02/making-sense-of-private-debt

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