Is The US On An ‘Unsustainable Fiscal Path?’: French Hill Asks Jerome Powell Point Blank

During a House Financial Services Committee hearing on Wednesday, Rep. French Hill (R-AR) questioned Fed Chair Jerome Powell about Basel III endgame, the Chevron Doctrine, the national debt, inflation and the fed's policies.

Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:

Stay Connected

[nanomachines]

We've been on an unstable and unsustainable financial trajectory ever since... let's see, when did we get off the gold standard?

[charlene]

I just watched a clip with President Reagan. He said that inflation isn't due to the Americans living well, it was the GOVERNMENT that is living too good.I'm not a Republican but, I agree with this statement.

[charliebrown]

Cost savings? Let's cut out the manned space flight to Mars. $1 trillion++.

[mrbill]

Do you really have to ask? My god you people are about fifteen years behind.

[pamelasueeveridge]

I think the people should get at least at 3.6% Cola because of the inflation

[CountryFenderBass]

Is the dude in that back missing part of his mustache?

[flatbushtentcity]

The man made boom and bust cycle continues.

[annthompson]

USA economy is horrific! I cannot AFFORD ANY MORE DEMOCRAT POLICIES! Prices are high because PIPE LINE was cut, affects ALL SHIPPING STAPLES & ALL OF AMERICANS

[mikesass]

rates wer kept low because of covid variants like omicron. But also, importantly there was social justice pressure, like targeting black unemployment, so running the economy hot for woke tinkering. People have short memories!