President Donald Trump has repeatedly called on the Federal Reserve to significantly lower interest rates, advocating for a reduction of at least three percentage points to around 1%. He argues that the current federal funds rate is excessively high, costing the U.S. approximately $360 billion per point annually in refinancing expenses. Trump emphasizes that inflation remains very low, with consumer prices recently reported at a 2.7% increase, and highlights strong corporate investment in the United States. He claims that lowering the Fed rate could save the country up to $1 trillion annually. Trump has criticized Federal Reserve Chair Jerome Powell and the Fed's board, holding them partly responsible for the high rates and urging immediate action to reduce them. His statements have been disseminated through his Truth Social platform and have drawn comparisons to past Fed policies during economic downturns.