Interest rate costs are approximately 1 trillion dollars per year in US government spending, so lowering interest rates through improved debt supply-demand balance has enormous fiscal impact and is a key lever in deficit reduction.

factualpending

Speaker

Ray Dalio

Evidence Quote

the interest rate cost is about a trillion dollars a year okay so interest rates have a big effect if you improve the supply demand balance you will lower the interest rates

Source

Ray Dalio and Salesforce’s Benioff on AI, trade wars and new world orderCNBC International Live
Created: 8/11/2026, 6:48:37 AM

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