18 Jun 2025 8:49 am
Woodward’s book.Blackvegetable » 18 Jun 2025, 7:23 am » wrote: ↑
“I’m the king of debt. I’m great with debt. Nobody knows debt better than me,” Trump told Norah O’Donnell in an interview that aired on “CBS This Morning.” “I’ve made a fortune by using debt, and if things don’t work out I renegotiate the debt. I mean, that’s a smart thing, not a stupid thing.”
........
"We should just go borrow a lot of money, hold it, and then sell it to make money," Trump reportedly said.
The president also made clear that he was not pleased by the Federal Reserve's current policy toward moving interest rates back to historical levels after suppressing them during the decade that followed the 2008 financial crisis. Cohn said he supported the Fed's move to raise rates.
Trump then told Cohn that he wouldn't pick him to be Fed chair, according to the book.
https://www.cnbc.com/2018/09/11/trump-o ... ports.html
If the point isn't abundantly clear, find another thread.
