"Federal Reserve Chair Urges US Focus on Debt Sustainability"

Federal Reserve Chair Jerome Powell emphasized the urgency for the US government to prioritize dealing with the national debt, stating that it is growing faster than the economy and is unsustainable. Powell's comments come as lawmakers consider creating a fiscal commission to study spending. He also indicated that the Fed will likely lower borrowing costs this year, but the next meeting in March is probably too soon for such a move, emphasizing the need to see more good data on inflation.