U.S. President Donald Trump recently stated that interest rates are "at least 3%p too high." This statement, often repeated by Trump during his presidency, reflects his belief that lower interest rates would further stimulate the U.S. economy. While the Federal Reserve sets interest rates independently, the President's comments highlight a continued tension between the executive branch and the central bank regarding monetary policy. Trump argues that lower rates would boost economic growth, encourage investment, and potentially weaken the dollar, making American exports more competitive. However, concerns exist that excessively low rates could lead to inflation or asset bubbles. The current federal funds rate impacts everything from mortgage rates to business loans, making the Fed's decisions critical for overall economic stability. The long-term effects of sustained low interest rates remain a subject of debate among economists. ```