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Trump may face $60 billion in extra interest costs for firing Fed Chair
Trump may face $60 billion in extra interest costs for firing Fed Chair

Share link:In this post: Analysts warn Trump’s potential removal of Fed Chair Jerome Powell could raise U.S. borrowing costs by nearly $60 billion a year due to spiking Treasury yields. Investors may demand higher interest rates if they believe the Fed is losing independence, threatening its ability to control inflation and sparking wider market volatility. Higher yields could make U.S. debt unsustainable, weaken the dollar, and push mortgage rates above 7%, worsening an already sluggish housing market.

Cryptopolitan·2025/07/20 00:05
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