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Powell's Rate Hike May Have Just Cost Trump Another $1 Million

  • Cumulative cost to Trump from hikes may be $6 million annually
  • President has blasted Powell over interest rate increases
Jerome Powell
Jerome PowellPhotographer: Andrew Harrer/Bloomberg

Federal Reserve Chairman Jerome Powell’s interest-rate increase on Wednesday may add almost $1 million to the Trump Organization’s annual borrowing costs.

The increase may raise President Donald Trump’s cumulative cost from the U.S. central bank’s hikes since his inauguration to $6 million per year, according to a Bloomberg News analysis of the president’s financial disclosures and property records.