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

By: odaily.com|2025/07/23 14:21:54

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)

Hyperion announces the official launch of RION Utility and launches the first phase of RION Staking, a native staking mechanism

Vaulta (formerly EOS) receives $6 million investment commitment from WLFI to promote the development of Web3 banking in the United States