President Trump calls on the Fed to "cut rates by 3 points…$1 trillion a year would be saved."

The claim that President Trump called on the Fed to "cut rates by 3 points" and that "$1 trillion a year would be saved" can be broken down into two parts: 1) Trump demanding a 3 percentage point cut in interest rates, and 2) the assertion that such a cut would save $1 trillion annually. The search results show that Trump has indeed been vocal in urging the Federal Reserve to lower interest rates aggressively, with calls for rates below 1% and criticism of Fed Chair Jerome Powell for not cutting rates faster.

However, none of the credible sources explicitly document Trump calling for a precise 3-point cut. Instead, references are more general or suggest smaller targets such as pushing the benchmark rate down to around 1%. Regarding the claim about saving $1 trillion annually, none of the sources provide evidence or quotes from Trump or official statements quantifying savings at this scale tied directly to a rate cut.

The figure appears to be an extrapolation or interpretation rather than a documented statement by Trump. Contextually, while lower interest rates can reduce government borrowing costs and potentially save money on interest payments, the magnitude of $1 trillion per year is not substantiated by authoritative sources in the search results.

Additionally, Trump's calls for rate cuts have been met with criticism from economists and Fed officials who warn about inflation risks and economic instability.cnbc.comcnbc.comTrump calls Fed chief Powell 'numbskull' as he urges interest rate cut This nuance is important because it shows that while Trump advocates for lower rates, the economic implications are complex and contested. In summary, while Trump has called for significant rate cuts and criticized the Fed's current policies, the specific claim of a "3-point cut" and "$1 trillion saved annually" is not supported by available evidence and thus is misleading.