Trump expressed great dissatisfaction with Federal Reserve Chairman Powell, who is unwilling to cut interest rates, regarding the short-term debt issued by Obama and Biden, and the situation is very severe:
The United States has a large amount of short-term debt maturing soon, and if interest rates are lowered by 1 percentage point, it could save $300 billion annually; if lowered by 2 percentage points, it could save $600 billion.
Comparing 2020 and 2025, we can see how significant the difference in U.S. Treasury yields is under different Federal Reserve interest rates.
With such a huge benefit, after four years of entanglement with the Biden administration, it is very difficult to get the Federal Reserve to cut rates... The oligarchs are all eager to get a piece of the pie...
Government spending reaps a wave, Treasury bonds reap a wave... Lending money to the government and putting it back in their own pockets while still earning interest... A fantastic business...