As Trump screams for rate cuts, he is not the only one who could personally benefit 🐷
"After the first Federal Reserve interest rate cut in a decade, CREW reported that President Trump would likely save millions on his loan and mortgage payments as a result of the cut that he demanded. But he’s not the only one in the West Wing with a financial interest in lower Fed rates: Jared Kushner and Ivanka Trump stand to save hundreds of thousands, if not millions of dollars from cuts to the Fed rate as well.
"In 2019, Jared Kushner and Ivanka Trump reported five outstanding variable rate liabilities worth at least $17 million. These liabilities are tied to the Prime rate and LIBOR, which tend to track the rates set by the Fed. Since the liabilities are reported in broad categories, it is impossible to know the exact dollar figure, but they could total as much as $85 million.
"Though Trump reported significantly more variable-rate loan debt than Jared and Ivanka, their potential savings as a result of rate cuts are also massive. In a family doing a horrible job of maintaining a firewall between their government positions and business interests, it is natural to wonder whether Trump’s hounding the Fed to lower rates is motivated in part by his and his family’s profits. In this case, millions are at stake for Trump and his daughter and son-in-law."
JARED KUSHNER AND IVANKA TRUMP ALSO STAND TO PROFIT FROM FED RATE CUTS
CREW, August 30, 2019