Janet Yellen's Concern About Fiscal Sustainability and Deficit Reduction

SOURCE www.foxnews.com
Outgoing Treasury Secretary Janet Yellen expressed concern about fiscal sustainability and the need to decrease the deficit during remarks at the Wall Street Journal's CEO Council Summit.

Key Points

  • Yellen expressed concern about fiscal sustainability and the need to reduce the deficit
  • The national debt has surpassed $36 trillion
  • President-elect Trump appointed Scott Bessent as Treasury Secretary

Pros

  • Addressing the importance of fiscal sustainability
  • Highlighting the need to decrease the deficit to manage higher interest rates
  • Providing insight into the economic challenges faced during President Joe Biden's tenure