The U.S. national debt is $28 trillion—that’s a quarter of a million dollars per taxpayer. Fed chair Jerome Powell says now is not the time to worry about the country’s debt—we can worry about that in the future. Treasury Secretary Janet Yellen is backing President Joe Biden’s potentially multi-trillion dollar infrastructure plan.
Both Yellen and Powell spoke to the House Committee on Financial Services this week. Ohio Representative Warren Davidson, the founder of the Sound Money Caucus, was there. NTD asked Davidson if Powell and Yellen feel political pressure to keep these loose money policies.