- PIMCO economist Peder Beck-Friis says that high US debt levels do not pose an immediate threat.
- History shows that policymakers will eventually tackle the issue, he wrote in The Financial Times.
- Before that happens, volatility will rise in financial markets and the macro economy, he noted.
Australian Mercantile Collections
Fears of a US Debt Crisis Are Overblown, PIMCO Economist Says
Fears of a US Debt Crisis Are Overblown, PIMCO Economist Says
19 July 2024
