The head of the US Federal Reserve (Fed), Jerome Powell, has said that it is impossible to maintain the level of the United States government debt.
He said this at the forum of the European Central Bank, responding to a question about the level of U.S. government debt.
“The way we are going is unacceptable, there is no doubt about it….. That should be the focus, how do we get back on a path that we can sustain,” RIA Novosti quoted him as saying.
He noted that in the long term, the US side needs to do something about it.
Earlier, American investor Jim Rogers said that the United States can not pay its national debt, so the country’s problems will grow.