Interesting....as we watch Trump berate and publically insult Powell.
Trump’s company could save millions if interest rates fall like he wants
The Post notes that just a quarter-point reduction, which many investors now predict will occur in mid-September,
could save Trump as much as $275,000 annually on just his Doral loan.
Bloomberg News reported that every quarter-point reduction
could save Trump $850,000 annually, which would create more than $3 million in annual savings if the Fed dropped rates a full percentage point as Trump has demanded.
The Fed cut short-term rates by a quarter of a percentage point in July, t
he first such action in more than a decade.