Trump says rate cuts can save trillions of dollars in interest, but Fed mouthpiece says its impossible

By: odaily.com|2025/07/23 14:21:40

Odaily News Nick Timiraos, the Federal Reserve mouthpiece, said Trump said that if the Federal Reserve lowered short-term interest rates, the United States interest payments would be reduced by $1 trillion a year. The United States spent $1.1 trillion on interest payments in 2024, so this statement is almost impossible to be true. (Jinshi)

Vaulta (formerly EOS) receives $6 million investment commitment from WLFI to promote the development of Web3 banking in the United States Hyperion announces the official launch of RION Utility and launches the first phase of RION Staking, a native staking mechanism

Fairdesk Crypto Exchange Shuts Down Amid Regulatory Pressures: A Look Back on Its Closure

As of today, August 14, 2025, the cryptocurrency landscape continues to evolve rapidly, with past events like the…

crypto insight|2025/08/14 07:40:18

WEEX 2025 Global Offline Events Hub

From the vibrant streets of Hong Kong to the sunlit shores of Lisbon, 2025 marks a defining year for WEEX on the global stage.

WEEX|2025/08/12 11:59:13

WEEX Steals the Show at BlockchainRIO 2025: First LATAM Appearance Unlocks Brazil’s Crypto Potential

In 2025, WEEX lit up Latin America with its debut at BlockchainRIO as Platinum Sponsor. With bold vision and unstoppable momentum, the rising exchange made waves across the region’s crypto scene.

WEEX|2025/08/13 09:30:52

Judge Denies Logan Paul’s Attempt to Blame Co-Founders in CryptoZoo NFT Debacle

Imagine diving into a promising crypto venture, only to watch it crumble amid accusations of fraud and broken…

crypto insight|2025/08/12 07:20:28

Ripple Rolls Out Cross-Border Blockchain Payments in the UAE

Imagine sending money across borders as effortlessly as texting a friend—quick, cheap, and crystal clear. That’s the promise…

crypto insight|2025/08/10 16:10:21