Expert: Debt a Real Drag on Economic Growth

NTD Newsroom
By NTD Newsroom
June 22, 2021NTD Business
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Federal Reserve Chairman Jerome Powell says the Fed won’t raise interest rates on fears of inflation alone. Prices have already risen sharply this year, with many blaming the fed’s loose money policies.

But even at low rates, interest payments are still significant and are a drag on economic growth. But some worry raising rates will hamper borrowing and slow down the recovery. So what to do? NTD asked Lance Roberts at Real Investment Advice.

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