Can the U.S. Grow Its Way Out of Debt?

Washington faces a daunting fiscal reality: a structural deficit or roughly $2 trillion, a rising debt burden and a political system deeply divided over how to address either. But former Federal Reserve Vice Chair Randal Quarles sees another path: growth. Faster productivity gains, smarter regulation, greater investment and a more dynamic private sector can expand the economy, strengthen the fiscal picture and help the United States manage its debt burden without waiting for a grand political bargain that may never come. He joins Jay to discuss this message that has particular resonance, not only for business, but also as the B20 prepares to meet in Washington this November around a Growth Agenda focused on unlocking investment, raising productivity and strengthening the conditions for private-sector-led growth.-The Call is a series of live video conversations featuring expert guests from the U.S. Chamber's Global Intelligence Desk. Live access to The Call is a benefit to the Chamber’s members; however, we are pleased to provide recordings of the calls for wider listening thereafter.Learn more about the Global Intelligence Desk: https://globalintelligencedesk.com/Join the conversation on LinkedIn:   / global-intelligence-desk