Student debt could hold back economic growth, should be discharged in bankruptcy, Fed chief says

See the interview from Fed Chairman Powell on CNBC.

  • Education debt has swelled to nearly $1.38 trillion at the end of 2017, a trend that Fed Chairman Jerome Powell said could hold back economic growth.
  • Powell said he generally supports the idea of a vibrant education loan climate, but expressed some concern over how far it's gone.
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