Trump: Unable to accurately evaluate interest rate data before the end of the war
According to Fortune, US President Trump has stated that interest rate related data cannot be truly studied until the end of the war. He mentioned that the United States needs to pay about $3 billion in interest on $38 trillion in debt every day, and believes that lowering interest rates can boost the economy and reduce the cost of debt interest. The report states that Trump's nominee, Walsh, aligns with his philosophy and advocates for lower interest rates. Trump also mentioned that the rise in oil prices caused by the Iran War has pushed up inflation and may prolong the waiting time for interest rate cuts.