Donald Trump’s demand that the Fed radically cut interest rates could have a huge side benefit, Donald Trump’s companies. From The Washington Post:
“President Trump stands to save millions of dollars annually in interest on outstanding loans on his hotels and resorts if the Federal Reserve lowers rates as he has been demanding, according to public filings and financial experts.
“In the five years before he became president, Trump borrowed more than $360 million via four loans from Deutsche Bank for his hotels in Washington, D.C., and Chicago, as well his 643-room Doral golf resort in South Florida.“
His loan payments could drop substantially if interest rates are lowered, as Trump has demanded. The administration has argued that lower interest rates would spur consumer investment in big ticket items such as cars and homes. But it would also save Donald Trump millions.