Grant Cardone Says This Is a National Crisis — and Thinks Trump Will Fix It
Written by
Adam Palasciano
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Amen Oyiboke
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Today, costs remain high across the board, and financial guru Grant Cardone is speaking out. In a recent YouTube discussion with Ryan Pineda, host of his own YouTube series “Wealth Way,” Cardone expressed his thoughts on what he sees as one of the biggest problems in the U.S. today.
“I’m waiting for Trump to get in there … Trump’s going to walk in he’s going to say ‘I demand interest rates go down’,” explained Cardone.
President Donald Trump did just that. AP News reported that at January’s World Economic Forum event in Davos, Switzerland, Trump said “I’ll demand that interest rates drop immediately, and likewise, they should be dropping all over the world.”
Cardone is “hopeful” that Trump can pull it off during his term and he believes that Trump “has to” lower interest rates because it’s a “national crisis.”
Today, interest rates remain stubbornly high. According to The Federal Reserve Bank of St. Louis, the 30-year fixed rate mortgage average in the U.S. currently hovers at around 6.63% as of March 6, 2025. This is down from a recent high of 7.79% in Oct. 2023.
On top of that inflation, while lower than its pandemic highs, inflation is still up there. According to the U.S. Bureau of Labor Statistics, current inflation as of January 2025 hovers around 3.0%. This is up from 2.9% as of December 2024.
Inflation coupled with high mortgage rates creates a difficult financial situation for anyone looking to buy a home or get ahead in today’s economy. With almost 50 days into Trump’s second term, it remains to be seen if he’ll “fix it” when it comes to interest rates and whether his economic agenda will actually benefit the average American.
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