Trump says interest rate cuts can save trillions of interest, "Federal Reserve mouthpiece": impossible to achieve
2025-07-23 14:02:21
According to Nick Timiraos, Mr. Trump said that if the Fed lowered short-term interest rates, US interest payments would fall by $1 trillion a year. The US spent $1.10 trillion on interest payments in 2024, so this claim is almost impossible to be true.
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