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Trump Blames Powell as U.S. Debt Hits $1 Trillion

7/21/2025

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Trump Attacks Powell

President Trump has ramped up his attacks on Federal Reserve Chair Jerome Powell, holding him accountable for soaring interest rates and inflation. However, experts caution that slashing rates won't necessarily ease federal interest payments. With the U.S. debt skyrocketing, interest payments are set to surpass $1 trillion, sparking fears over the nation's fiscal health.

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Bessent Warns Trump

Treasury Secretary Scott Bessent cautioned President Trump about the dangers of firing Federal Reserve Chair Jerome Powell, highlighting serious economic and legal fallout. Ignoring Bessent's warnings, Trump insisted he grasps market dynamics. As criticism mounts over Powell's costly renovation, experts caution that his dismissal could spark a messy court battle, threatening the Fed's independence.

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Trump Attacks Powell

President Trump has ramped up his attacks on Federal Reserve Chair Jerome Powell, holding him accountable for soaring interest rates and inflation. However, experts caution that slashing rates won't necessarily ease federal interest payments. With the U.S. debt skyrocketing, interest payments are set to surpass $1 trillion, sparking fears over the nation's fiscal health.

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