Graham Stephan, relaying Congressional Budget Office: Interest rates will rise

The window it was checked over

Federal funds target range, upper limit: Federal Reserve Board via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

What was said around it

borrowing for free. But then all of a sudden, inflation increased. Interest rates went up. And now all of a sudden, the United States is paying 4 to 5% interest on almost $40 trillion, leading some people to recognize what's called the debt spiral. In this case, the thinking is that the more we borrow, the higher the interest payments. But, the higher the interest payments, the bigger the deficit, which means the more we have to borrow, which means the higher the interest, which means the bigger the deficit. And the cycle just repeats itself. Like, the Congressional Budget Office now projects interest will reach $2.1 trillion a year by 2036, which is a number so large, by the way, that even just fixing it would require us to completely cut our national defense just to prevent it from getting worse. This is why Trump called for the Federal Reserve to lower interest rates immediately, which would allow us to refinance our debt and thereby save us a lot of money. Now, in the past, this was unsuccessful with Jerome Powell in office, but now with Trump's pick, Kevin Warsh, being head of the Fed chair, everything is about to change completely. And that's what brings us to what's coming next,

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.