- Speaking at a Harvard University economics class on March 30, 2026, Powell emphasized that the current trajectory of U.S. fiscal policy is unsustainable in the long term
- The Fed Chair noted that while the central bank can manage inflation, it cannot control the fiscal decisions that lead to substantial debt accumulation
- Market analysts reported a 4.7 percent chance of a rate hike at the next meeting following his remarks, with zero odds of a rate cut priced in for the remainder of 2026
- Powell stated that the Fed is currently in a wait and see position to evaluate how geopolitical tensions and oil price shocks are impacting the broader economy
- This appearance marks one of Powell's final public engagements before his term as Federal Reserve Chair officially concludes on May 15, 2026
Federal Reserve Chair Jerome Powell warns of unsustainable government debt growth during Harvard address
Mar 30, 2026, 3:48:51 PM UTC(6 hours ago)
Impact: High
Affected Assets
Sources
From:@YahooFinance
"It will not end well if we don't do something fairly soon," Fed chair Powell says on the substantial growth of government debt. https://t.co/0Htouyios5
