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Trump claims that cutting interest rates could save trillions in interest, "Fed's mouthpiece": it's impossible to achieve.
Golden Finance reports that "Fed mouthpiece" Nick Timiraos stated that Trump said if the Fed drops short-term Interest Rates, U.S. interest expenses would decrease by $1 trillion annually. The U.S. spent $1.1 trillion on interest expenses in 2024, making this claim nearly impossible to be true.