So is Bessent going to pile massive borrowing into the T-Bill market? Then Trump will appoint someone who will cut rates, allowing them to refinance at lower rates. ---- Trump this morning ... Trump said he was going to refinance the 9 trillion as short-term debt because "we have a stupid person" at the Federal Reserve. The president explained his desire for the Federal Reserve to lower interest rates so the U.S. does not have to pay for 10 years of debt at a higher rate. "Then we’re gonna get somebody into the Fed who’s going to be able to lower [the rates]," Trump said, noting the rates should be at 1 or 2%. "You know, if you look at Switzerland, they’re the lowest right now. They’re at much less than one point, and frankly, we should be there, too, because… without the United States, the whole world doesn’t work."So is Bessent going to pile massive borrowing into the T-Bill market? Then Trump will appoint someone who will cut rates, allowing them to refinance at lower rates.