Every time the Federal Reserve raises interest rates, it costs President Donald Trump money.
Maybe that’s why Trump has been lacerating the Fed for raising short-term rates, which now stand at a range of 2.25% to 2.5%. That’s 1.75 points higher than when Trump took office at the start of 2017.
Economists have mixed views on whether the Fed should keep raising rates, or slow down and maybe even stop hiking rates for now. But nobody is more certain than Trump that the Fed has got it wrong. And few people pay the price Trump does when rates go up.
Trump’s company, the Trump Organization, holds five commercial loans totaling a minimum of $180 million with variable-rate interest payments, according to the annual financial disclosure Trump is required to file with the federal government.
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