We owe so much money to the fed that lower rates will ease our burden as a nation with respect to paying them back. It also allows us to borrow more at a rate that can be paid back. If the free market was allowed to dictate the interest rates, there would be a good balance between what we owe and save.

The bigger issue for Trump is competition on a global scale as related to that balance. If other countries are borrowing money at 0% interest while we are paying 2.5%, the difference in interest will be billions more dollars out of our ability to invest in our nation.

There is a larger picture to the existence of the fed. They are a private bank that loans us money they don’t actually have. The interest we pay back is the only thing of value. It’s how they are so powerful and can control the global economy with small moves in interest rates.