The Federal Reserve President has observed a rise in consumer defaults, with Americans maxing out credit cards and struggling with car and credit card payments, indicating growing economic concern.
"consumer defaults are rising and what that means is he is seeing now the Federal Reserve Bank president has now observed that regular people regular Americans are maxing out their credit cards and they can't keep making their car payments they can't keep making their credit card payments which has them a little bit more worried about the economy"
