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TechFlow, July 23 — According to Jinshi Data, "Fed whisperer" Nick Timiraos reported that Trump claimed if the Federal Reserve lowers short-term interest rates, U.S. interest expenses would decrease by $1 trillion annually. The U.S. spent $1.1 trillion on interest payments in 2024, making such a claim nearly impossible to be true.
According to Jinshi Data, "Fed whisperer" Nick Timiraos said that Trump claimed if the Federal Reserve lowers 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.
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