US EditionTrump to visit Federal Reserve, escalating campaign against Chair Powell
WASHINGTON, D.C., JUL 26 – President Trump pressed Federal Reserve Chair Jerome Powell to cut interest rates and criticized a $2.5 billion renovation project, marking a rare presidential visit to the Fed headquarters.
- On Thursday at 4 p.m., President Donald Trump will visit Federal Reserve headquarters in Washington, D.C., amid mounting pressure on the Fed to cut rates.
- Earlier this year, the Trump administration launched an investigation into cost overruns, highlighting White House criticism of the Fed's $2.5 billion renovation project.
- During the tour, President Trump said, `I'd love him to lower interest rates,` while Senate Banking Committee Chair Tim Scott and other officials joined the visit.
- Markets reacted as investors grew wary, with Powell defending the project, saying `not permitted under the law`, while significant structural repairs show impact on Fed independence.
- With the rate-setting gathering looming, the Fed's policymakers are expected to leave rates at 4.25%-4.50%, as Powell's term ends in May 2026.
381 Articles
381 Articles
Who benefits from Trump’s pressure on the Fed to cut interest rates?
Despite our tradition of an independent Federal Reserve, President Donald Trump has been ramping up pressure on Fed Chairman Jerome Powell to lower interest rates, even threatening to take the legally dubious step of firing him. If the Fed caves to Trump, who would benefit? Certainly not normal retirees, who saved for a lifetime and are now finally enjoying decent interest rates for savings accounts and CDs. Furthermore, if prematurely lowering …
Trump Visits The Fed To Shakedown Powell
President Trump visited the Fed yesterday, seemingly to shakedown Jerome Powell for lower interest rates. Is this how interest rates should be derived in a so-called “capitalist” society? Two men, disagreeing over price fixing? That’s the Soviet way of doing things. Also, is President Trump, who continues to run-up government spending and debt, really in the position to accuse the Fed of “cost overruns”? Once again, both are guilty. End the pric…
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. ...
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