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Former CKE Restaurants CEO Andy Puzder explains the importance of addressing the U.S. debt and the impact of wages on restaurant affordability.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
Just as inflation eases and more economists bet on a soft landing for the U.S. economy, a new risk is emerging, a policy push and pull.\u00a0<\/p>\n
The divide between fiscal and monetary policy is increasingly worrying America\u2019s most noted economists.\u00a0<\/p>\n
“Panelists are more optimistic about the outlook for the domestic economy,” added National Association of Business Economics (NABE) Policy Survey Chair Sam Khater, chief economist for Freddie Mac, “but they have increasing concerns on the balance of risks around monetary policy that is \u2018too restrictive\u2019 versus a fiscal policy that is \u2018too stimulative\u2019” the group noted in its February survey released Monday.\u00a0<\/p>\n
Fifty-seven percent believe current fiscal policy is “too stimulative,” up from 54% in August and has been steadily rising. Economists see reducing the deficit and debt as the two most important goals for promoting “medium-to-long-term growth.”<\/p>\n
The national debt \u2014 which measures what the U.S. owes its creditors \u2014 increased to\u00a0$34,228,699,143,453.34\u00a0as of Friday afternoon, according to the latest numbers published by the Treasury Department. By comparison, just four decades ago, the\u00a0national debt\u00a0hovered around $907 billion.<\/p>\n
US NATIONAL DEBT TOPS $34T FOR FIRST TIME IN HISTORY<\/u><\/strong><\/p>\n