Trump Claims Rate Cuts Could Save Trillions in Interest, "Fed Mouthpiece" Says: Impossible to Achieve
According to a report by Jinse Finance, "Fed mouthpiece" Nick Timiraos stated that Trump claimed if the Federal Reserve lowers short-term interest rates, the United States' interest expenses would decrease by $1 trillion annually. However, the U.S. spent $1.1 trillion on interest payments in 2024, so this claim is almost certainly untrue.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CertiK: Approximately $127 million in confirmed losses from attacks, hacks, and scams in November
Data: Jeffrey Huang continues to increase his long positions in HYPE, with holdings surpassing 100,000 tokens
Trending news
MoreCrypto prices
More
