"The U.S. federal budget is on an unsustainable path, has been for some time. That's something we will need to return to. And that just means having the economy grow faster than the debt," he said. "This is not the time to give priority to those concerns."
Powell's word:
The bold face is on the table as we speak. It is part of any stimulus deal, sorry. It is on the table because the financial system is already switching to shadow banks, avoiding the ten years of Fed taxes on collateral.
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