"Federal Reserve megaphone": Trump claims that interest rate cuts could save trillions in interest, but in reality, it is almost impossible to achieve
ChainCatcher news, according to Jinshi reports, "the Fed's mouthpiece" Nick Timiraos stated that Trump said if the Fed lowers short-term interest rates, the U.S. interest expenditure will decrease by $1 trillion annually.
The U.S. spent $1.1 trillion on interest expenditure in 2024, so this statement is almost certainly not true.
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