Fed’s Mester Warns US on Debt

The U.S. should keep its debt-to-GDP (gross domestic product) in mind before things “get out of hand,” Federal Reserve Bank of Cleveland President Loretta Mester said Monday.Asked by CNBC’s Joumanna Bercetche if she was worried about the outlook for rising U.S. debt, Mester was measured but encouraged monitoring the debt level, which is at its highest since just after World War Two.”I think we have to be taking into account the health of U.S. economy, in terms of are we on a sustained fiscal path?” Mester replied. “And I do think that’s something we should be thinking of now as we go forward, and not waiting till things get too far out of hand.”

Source: US should watch its debt pile before ‘things get out of hand,’ Fed’s Mester says – CNBC

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