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Trump's Claim of Trillion-Dollar Interest Savings from Rate Cut Unlikely to Materialize, Says Fed Insider
Summary: According to sources, Fed insider Nick Timiraos, known as the 'Fed megaphone,' stated that Trump's assertion that a rate cut by the Fed would save the US a trillion dollars in interest payments annually is highly unlikely. The US spent 1.1 trillion dollars on interest payments in 2024, making Trump's claim nearly impossible to achieve.
According to sources, Fed insider Nick Timiraos, known as the 'Fed megaphone,' stated that Trump's assertion that a rate cut by the Fed would save the US a trillion dollars in interest payments annually is highly unlikely. The US spent 1.1 trillion dollars on interest payments in 2024, making Trump's claim nearly impossible to achieve.
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Link: Trump's Claim of Trillion-Dollar Interest Savings from Rate Cut Unlikely to Materialize, Says Fed Insider [Copy]
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Link: Trump's Claim of Trillion-Dollar Interest Savings from Rate Cut Unlikely to Materialize, Says Fed Insider [Copy]
