WASHINGTON, D.C. — During a visit to the Federal Reserve construction site on July 24, 2025, President Donald J. Trump delivered pointed remarks on the state of the U.S. economy, calling for a reduction in interest rates to ease the housing crisis facing millions of Americans.

“We have to get interest rates lowered in our country,” Trump said while addressing media and construction workers. “Our country is the hottest in the world right now, but people are pretty much unable to buy housing because the interest rates are too high.”

Trump’s comments come as mortgage rates remain at historically elevated levels, pricing out many prospective homebuyers despite strong economic indicators. His statement reflects ongoing pressure on the Federal Reserve to reconsider its rate policies as inflation moderates and housing affordability worsens.

The visit — part of a broader infrastructure tour — highlighted Trump's dual focus on economic growth and development. Wearing a hard hat and touring scaffolding at the Federal Reserve site, he reiterated his administration’s commitment to building and rebuilding American institutions.

The former real estate mogul’s remarks also reflect a familiar theme from his earlier political campaigns — that America must remain economically competitive, and that everyday Americans should benefit directly from the country’s financial momentum.