How Trump's Businesses Would Save A Boatload If The Fed Cuts Rates

Credit: Wochit
Published on August 25, 2019 - Duration: 00:35s

How Trump's Businesses Would Save A Boatload If The Fed Cuts Rates

Business Insider reports President Donald Trump would save millions in annual interest payments if the Fed interest rates fall.

Trump has issued repeated public attacks on Federal Reserve Chairman Jerome Powell to cut the Fed's rate.

Multiple Trump properties have variable interest rates.

The lower the interest rate, the more money his businesses would save.

Trump insists the American economy is booming.

However, the Fed is weighing cuts as the first signs of recession loom.

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