While almost no one thinks Donald Trump's verbal attacks on Federal Reserve Chair Jerome Powell are a positive development, they have electrified the debate about whether the U.S. president is right that interest rates are too high.

President Trump says Fed rate cuts would save the government as much as $900 billion a year in interest payments on its debt. Is that fight?

Former President Donald Trump has urged the Federal Reserve to significantly cut the federal interest rate. He claims a reduction by 3 percentage points would alleviate national debt burdens and maintain economic growth without triggering inflation.