US EditionTrump to visit Federal Reserve, escalating campaign against Chair Powell
WASHINGTON, D.C., JUL 24 – Trump escalates pressure on Fed Chair Jerome Powell over interest rates and a $2.5 billion renovation, calling the project mismanaged and considering firing Powell, officials said.
- On Thursday, President Donald Trump will visit the Federal Reserve headquarters in Washington, DC, escalating his pressure campaign on Powell over the renovation and interest-rate policy.
- Last week Trump called the $2.5 billion renovation ‘really disgraceful’ and has recently harped on it as grounds to oust Powell.
- This is the first presidential visit to the Fed HQ in nearly two decades, Shelby Talcott reported that James Blair, Russ Vought and Bill Pulte will accompany him, and Trump has called Powell a `loser` and `too late`.
- The visit marks a remarkable symbolic challenge to Fed independence, Ben Bernanke and Janet Yellen warned it risks `lasting and serious economic harm`, and firing Powell would threaten that independence.
- Despite receding firing threats, Trump will keep Powell’s remaining term uncomfortable, planning to escalate pressure over the Fed's renovation and rate policies.
366 Articles
366 Articles
Donald Trump, who came to inspect the Fed on Thursday, had a tense exchange with the institution's boss, Jerome Powell, to whom he asked again to lower the rates, but without going to invective him face-to-face as he did through social networks and cameras interposed in recent weeks, repeatedly. ...
Trump presses Powell to cut rates during tense visit to Fed - West Hawaii Today
WASHINGTON — President Donald Trump locked horns with Federal Reserve Chair Jerome Powell during a rare presidential visit to the U.S. central bank on Thursday, criticizing the cost of renovating two historical buildings at its headquarters and pressing the case for lower interest rates.
Trump presses Powell to cut rates during tense visit to Fed - Hawaii Tribune-Herald
WASHINGTON — President Donald Trump locked horns with Federal Reserve Chair Jerome Powell during a rare presidential visit to the U.S. central bank on Thursday, criticizing the cost of renovating two historical buildings at its headquarters and pressing the case for lower interest rates.
Donald Trump visited the U.S. Federal Reserve this Thursday and expected a tense meeting with his boss, Jerome Powell. A meeting that the U.S. President...
American analysts see the bank's visit as pressure at a time when he and members of his government often express outrage over the $2.5 billion renovation.
Coverage Details
Bias Distribution
- 51% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
