“Our Fed Rate is AT LEAST 3 Points too high. Too Late is costing the U.S. 360 Billion Dollars a Point, PER YEAR, in refinancing costs. No Inflation, COMPANIES POURING INTO AMERICA. The hottest Country in the World! LOWER THE RATE!!!” @realDonaldTrump
Fact-Check Summary A recent social media post claims the Federal Reserve’s interest rate is “at least 3 points too high,” costing $360 billion per point per year in refinancing, that there is “no inflation,” and that companies are pouring into America as “the hottest country.” Upon review, the federal funds rate is actually 1.25–1.5 percentage […]