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Janet Yellen Warns Of 'Fiscal Dominance' Risk Due To Mounting US Debt: 'Should We Be Concerned About...?'

Summary by Benzinga
Former Federal Reserve Chair Janet Yellen has issued a stark warning about the potential risks posed by America’s rapidly increasing national debt. Debt Surge Raises Fiscal Dominance Fears Yellen, speaking at a panel on the “Future of the Fed” on Sunday, cautioned that the mounting national debt could severely limit policymakers’ ability to address the country’s fiscal challenges. She highlighted the risk of “fiscal dominance,” where political p…

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The national debt of the United States reached $38.5 trillion in January 2025, the highest level in the country's history, according to Condesk. Over 70% of this debt is owed to domestic creditors, while the rest is loaned by countries such as Japan, China and the United Kingdom. With an American GDP of approximately 30 [...]

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Benzinga broke the news in New York, United States on Tuesday, January 6, 2026.
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