>> with that bankrate study, more than a third of those surveyed said they would use their credit card or get a personal loan or borrow from fami and friend that's where many people do go to borrow money. here's the catch. if you use a credit card, the average rate right now is over 17.5% on a credit card. if you get a cash advance, that's intest close to 30%. that's a lot to pay in interest when you're not able toay your bill in full because that's why you borrowed in the fir place. personal loan seems like a better bet. if you have not so great credit personal loan rates can be as high as 36%.rr ing from friends and family, probably the first place to go but it's a business transaction. make sure youut it inriting and have the terms in that contract. >> you're unable to pay and have credit card de you have a mortgage and you can't pay those things. what do you do? >> not just for federal workers, i think the office of personnel management put out a great resource to anybody who's laling with this situation in providing samplters that federal workers could use to explain their situati

to bankrate chief financial analyst greg mcbride.g, is it clear to you powell just sprouted wings to become a dove? >> well, if you're an investor, today is the greatest day you could have hoped for. you get this blockbuster jobs report that shows the sky's not falling, that the economy's in good shape after all, and then at the same time, you get the fed saying yeah, we're going to be flexible, we're going to be patient. you know, to see that the economy's in good shape and know that the fed is flexible, and i think that's really the message here. the fed's not painting themselves into a corner. they're just leaving their options open. the mantra they keep coming back to is we're going to let the data tell us, we will let the data tell us. that's been the underscoring comment every speech, every press conference. liz: hold on. the data look great. a build of 312,000 jobs in december, we had a very, very solid picture for many of the data points that we wait on, specifically when it comes to unemployment, into what inflation numbers

reporter: chairman powell, mark hamrick with bankrate. as you probably heard, the congressional budget office is projecting that federal debt is expected to surge to about $29 trillion over the next ten years, reaching the highest share since the end of world war ii. does that sound like it could be a reasonable forecast with the administration seeming to take plenty of opportunities to question the legitimacy of cbo, then secondly, what effect does that have on interest rates and the public if indeed that's even close to being true? >> so first, it is important, we don't do fiscal policy. we don't advise the government or congress on fiscal policy. so i will limit myself to more high level comments and say that it is not a secret, it is a long-known fact that the u.s. federal government budget is on an unsustainable path, and that needs to be addressed. and that is driven principally by the combination of health care costs, really due to our health care delivery system, and the aging of the population. and there's no time like now when t