Powell warns: The trend of U.S. federal finance is concerning.

Gate News bot message, on July 1, The Federal Reserve (FED) Chairman Jerome Powell expressed concern over the fiscal situation of the United States. He pointed out that although the current debt level is still manageable, the future development trend is worrying. Powell emphasized that given the unsustainability of the debt rise path, this issue needs to be addressed as soon as possible. This statement reflects the concerns of the highest financial decision-maker in the United States regarding the national fiscal outlook. (Source: Jin10)

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