US Edition
Trump 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.
363 Articles
363 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. ...
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.
Trump and Jerome Powell discuss cost overruns of the renewal of the Federal Reserve; the president softens his stance on possible dismissal of the incumbent
Trump Says Not 'Necessary' To Fire Jerome Powell — But Presses Fed Chair On Rate Cuts And $2.5 Billion Renovation: 'I'd Love Him To Lower Interest Rates'
In a rare Presidential visit to the Federal Reserve headquarters, President Donald Trump publicly pressed Fed Chair Jerome Powell to deliver sharp interest rate cuts while criticizing the central bank's $2.5 billion renovation project. What Happened: On Thursday, Trump once again pushed for a rate cut, saying, “I’d love him to lower interest rates,” while standing next to Powell during a tour of the Fed’s headquarters, which is currently under r…
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