Trump says no doubt rates will be cut soon

US President Donald Trump says current borrowing costs are too high

US President Donald Trump said he would not have offered Kevin Warsh the role of Federal Reserve chair if Warsh pledged interest rate hikes, adding that he has “no doubt” rates will be cut soon.

Speaking to NBC News on Feb. 4, Trump said current borrowing costs are too high in his view.

He added that strong capital inflows into the US, alongside economic growth, would make the debt burden appear smaller over time, stressing that Warsh understands—and supports—his preference for lower interest rates.

Trump also addressed federal employment policies during the interview, saying cuts to the government workforce aim to reduce spending and redirect excess labor to the private sector, which he said would support the broader economy and “make America great again.”