$SOL Powell reiterates concerns about the financial path of the United States amid debt challenges

According to BlockBeats, Federal Reserve Chairman Jerome Powell has continuously emphasized the unsustainable nature of the U.S. financial trajectory over the past seven years. Although the Federal Reserve does not have the authority to set fiscal policy, Powell has repeatedly addressed the issue of federal deficits, highlighting its long-term economic impact.

In a press conference in 2018, shortly after taking office, Powell stated, "We are on an unsustainable financial path and we must face this reality as soon as possible." His stance remains unchanged, evidenced by his recent warnings on April 16 about maintaining significant deficits while achieving full employment, while also calling for solutions.$XRP $SUI