How much does waiting on interest rate cuts actually cost? #InterestRatePolicy

But the you know there's so much there's such a fiscal impact by reducing the rates to the national debt. The debt is being refinanced as refinanced in large amounts as we speak. Even a slight adjustment, even a quarter point reduction would reduce the interest that we're paying potentially by billions of dollars. So I think there's a real rational reason to say okay yeah it's good to wait and see. But you know what, as we sit here and wait and see we're spending a lot for that or it's costing us a lot for that. In the meantime let's potentially reduce some of the costs that we're spending on the debt even if you know, even a little bit is a lot. And given the amount of debt, I mean it's $4.5 trillion of debt that has been refinanced or is being refinanced this year that adds up to a lot of billions of dollars every month in potential savings on those things here.