Kevin Warsh, Fed and Government debt
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That assumes a growth rate similar to the last decade’s. If the debt rockets up like it has over the last few years, the total will be $50.9 trillion.
Americans collectively owe $1.233 trillion in credit card debt, with nearly half of all cardholders carrying balances month to month at an average APR of 22.83%. Despite recent Federal Reserve rate cuts,
US debt increasingly functions less like a conventional balance sheet liability and more like financial infrastructure. It is now more intermediated by systems rather than states.
The Federal Reserve cut interest rates by 25 basis points on Wednesday. The central bank’s December meeting decision could affect some of the borrowing and savings rates consumers see every day. The Fed's announcement also comes amid expectations that ...
If the Federal Reserve starts cutting rates in 2026, a specific category of stocks could see their valuations expand like a compressed spring finally released. Lower borrowing costs don’t just make debt cheaper;