On November 30, 2025, U.S. President Donald Trump issued a stern call to the Federal Reserve (FED) via Truth Social: "The FED should lower interest rates to 1%! This would stimulate the economy and save trillions of dollars in interest costs." The current federal funds rate is hovering between 4.25% and 4.50%. Trump has argued that lower interest rates will make it easier to refinance debt. This demand renews Trump's long-standing criticism of the FED; he has even previously suggested dropping below 1%. Markets were jittery over Trump's plan to appoint a new Fed chair, with crypto and stocks experiencing brief gains.