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President Trump's recent comments, made in an exclusive interview with NBC News anchor Tom Llamas (aired around early February 2026), align closely with the statement you referenced. He emphasized that interest rates are "WAY high" and predicted they would be lowered soon, stating: "They're gonna be lowered. We're WAY high on interest!" He tied this to strong economic growth making the national debt appear "very small" in comparison, saying the U.S. is "a rich country again" with low inflation (citing recent figures) and tremendous growth potential. Trump explicitly linked this to his nominee for Federal Reserve Chair, Kevin Warsh (a former Fed governor), asserting that Warsh understands the need for cuts and that he "would not have gotten the job" if he wanted to raise rates instead.

This reflects Trump's ongoing pressure on the Fed for more aggressive easing, consistent with his long-standing view that lower rates would boost borrowing, investment, and growth while helping manage the debt burden through a larger economy rather than austerity.

Current Interest Rate Environment (as of early February 2026)

The Federal Reserve's target range for the federal funds rate is currently 3.50%–3.75%, with the effective rate around 3.64% (based on recent data from the Fed, FRED, and New York Fed). This follows three rate cuts in late 2025 that brought it down from higher levels, but the Fed paused in January 2026—holding steady for the first time since mid-2025—amid solid growth, stabilizing unemployment, and inflation that remains somewhat elevated (e.g., around 2.7% annual CPI in late 2025 data). Some governors dissented in favor of another cut, but the majority emphasized data-dependence.Markets and futures currently price in modest further easing (e.g., around 50 basis points total in 2026 under a potential Warsh-led Fed), but not a dramatic "plummet." Long-term rates (like 10-year Treasury yields or mortgages) have been stickier, often staying above 6% for 30-year mortgages, which Trump has criticized.#USIranStandoff #TrumpCrypto