JEROME POWELL ISSUED A WARNING - NO ONE IS LISTENING
Source: David Stockman In a moment of unexpected candor, Jerome Powell, Chairman of the US Federal Reserve Bank, recently said the US "was on an unsustainable fiscal path," that "we are borrowing from future generations," and efforts must be undertaken to address this problem, "the sooner the better." Former Treasury Secretary Robert Rubin told Bloomberg that the US is "in a terrible place." Jamie Dimon, Chairman of JP Morgan said that the US was heading for a fiscal cliff "at 60 mph." Following such dire warnings, Americans would expect Congress to be urgently focusing on this looming disaster. Instead, their elected representatives are fixated on: 1) what should be done about the nation's southern border where millions of immigrants have been perfunctorily waved into the country by the "Border Patrol," and 2) how many more tens of billions of dollars in aid and war materiel to give to Ukraine