Discussion
The Fed is the buyer of last resort for this debt, but...
A few months ago I was watching the FOMC press conference, and during the Q&A J Powell said something that almost made me jump out of my chair.
A reporter asked him if the Fed was willing to fund a projected government deficit of $50 trillion by 2030.
Powell's answer: "No."
Shit's about to get real.
"We can sustain the current levels but can't sustain the trajectory." They been saying that forever though...
If they say different then it's bye bye Jerome