President Donald Trump has repeatedly called for the Federal Reserve to lower interest rates, advocating for a target range of 1% to 2%, with a preference toward the lowest rates among countries. Throughout late June to July 2025, Trump emphasized that the U.S. economy is performing well even without a rate cut, but he believes that with a reduction in rates, economic performance would improve further. He specifically urged Federal Reserve Chair Jerome Powell to lower interest rates immediately, although he acknowledged that Powell likely would not do so in the near term. Trump expressed that a smart policymaker would implement rate cuts and suggested that the U.S. would benefit from having the lowest interest rates globally. His comments followed a recent uptick in GDP, reinforcing his position that rate cuts are warranted to sustain and enhance economic growth.