Bitcoin Price Rises Above $109K as Trump Calls for Biggest Interest Rate Cut in History
2025-07-09 18:53:16
Main Idea
Donald Trump suggests that following his recommendations could save the US $360 billion per year in interest payments, with potential savings of $174 billion in the first year by refinancing 20% of the debt.
Key Points
1. The US currently pays over $3 billion in interest per day on its debt.
2. Trump claims his recommendations could save $360 billion annually in interest payments.
3. Refinancing 20% of the debt in the first year could save approximately $174 billion.
4. Interest rates could drop from 7% to 4%, potentially leading to a 25% surge in prices.
5. Since Trump's recommendation, the debt figure has risen to nearly $110,000.
Description
US President Donald Trump continues to state that the nation’s central bank keeps the interest rates too high and urged for another cut. Unlike the previous similar occasions, though, he was rather radical this time, claiming that the Federal Reserve needs to slash the rates by at least three points. First, President Trump mentions that higher rates are costing the US more money on interest expense. At a high level, this is true. Annual interest expense on US debt has reached $1.2 TRILLION over ...
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