- President Trump said higher inflation will help pay off the debt through growth.
- Trump stated 'I know I'm the best in the world' and 'you can pay off the debt through other means'.
- US Treasury yields hit a new high of the day after the statement.
- President Trump said higher US inflation will help pay off the national debt, which has surpassed $40 trillion. He argued that growth, not austerity, is the path to reducing debt. US Treasury yields rose to a new session high following the remarks.
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