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Trump says rate cuts can save trillions of dollars in interest, but Fed mouthpiece says its impossible
By: odaily.com|2025/07/23 22:21:54
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Odaily News Nick Timiraos, the Federal Reserve mouthpiece, said Trump said that if the Federal Reserve lowered short-term interest rates, the United States interest payments would be reduced by $1 trillion a year. The United States spent $1.1 trillion on interest payments in 2024, so this statement is almost impossible to be true. (Jinshi)
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