Yellen warns of debt impact on productivity

Federal Reserve chair Janet Yellen
Janet Yellen

Janet Yellen issued the US Congress with a warning on the country’s debt situation, saying the current situation is unsustainable and may come to harm productivity, during testimony on July 12.

The Federal Reserve chair told the House of Representatives’ Financial Services Committee she wanted to state in the “strongest possible terms” that current spending by the government cannot go on.

A committee member had shown her a “debt clock”, presenting the US debt as a constantly increasing figure

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: