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The US national debt is projected to exceed $35 trillion, reaching 166% of GDP by 2054. Despite concerns from Wall Street and experts like Janet Yellen, the topic of debt is not frequently discussed on the presidential campaign trail. Yellen emphasizes the importance of rare interventions and effective communication for economic stability, mentioning that FX intervention should target excess moves and tax revenues should be used to reduce the deficit. Yellen also warns that a higher interest rate path exacerbates the fiscal challenge posed by the massive deficit and debt.
“Higher for Longer” Drives this to $1.5T a year, if the Fed keeps rates were they are today a year from now. Over $11T or US debt matures in 2024 - 2025. Yellen has front-end loaded maturities, that’s the problem. https://t.co/kXZ1WohWiH
Treasury Secretary Janet Yellen emphasizes rare interventions and effective communication as crucial components for economic stability and growth.
US Tsy Sec. Yellen: If FX Intervention Does Happen, It Should Be For ‘Excess Moves’ - BBG TV - Possible To Intervene When Excess Volatility Occurs - Interventions Should Be Rare, Communicated - Says She Watches USD, EUR, JPY, CNY
