Alan Greenspan on Gold and Central Banks
Last month Dr Alan Greenspan, former Chairman of the Board of Governors of the Federal Reserve System, spoke at our inaugural investment summit on gold and central banks #globalinvest18 pic.twitter.com/Ixfth3dhlt
— World Gold Council (@GOLDCOUNCIL) May 14, 2018
US should watch its debt pile before ‘things get out of hand,’ Fed’s Mester says
The U.S. should keep its debt-to-GDP in mind before things “get out of hand,” Federal Reserve Bank of Cleveland President Loretta Mester said Monday.
Publicly-held debt-to-GDP is 75 percent, but is expected to double by 2047, pushed upward by a raft of recent government spending and stimulus programs.
According to the International Monetary Fund, the U.S. is the only advanced economy where debt-to-GDP is scheduled to increase in the next five years.
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