It's not exactly clear the mechanisms that can be used to enact this policy, but at least it appears that Trump is aware of the crippling debt half the country is in.
On Truth Social, President Trump posted this message calling on credit card companies to cap interest rates at 10% for the next year.
He's "calling for" a one year cap.
Will Discover, Visa, Capital One, or your local hardware store heed the call?
That remains to be seen.
But some people are very excited with Trump's policy:
We'll have to wait and see how the market responds to this polite request.
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