Trump Hints at Fed Visit as Central Bank Chief Clash Heats Up
Trump Aims to Confront Fed Chair Powell on Thursday
President’s Visit Amid Economic Pressure
Donald Trump is scheduled to tour the Federal Reserve’s Washington headquarters on Thursday, likely to meet Jerome Powell after the president intensified demands for a rate cut. Trump claims the Fed is “too late” for lower borrowing costs.
Key Points of the Trump‑Fed Show
- Trump stated the Fed’s renovation cost has risen from $1.9 billion to $2.5 billion, arguing it demonstrates mismanagement.
- Earlier this month, Russell Vought, Trump’s budget director, wrote a warning letter to Powell accusing the Fed of “ostentatious overhaul” instead of fiscal discipline.
- Trump’s earlier comments labeled Powell a “stupid loser,” a public attack that once shook markets.
- While the Fed’s board members typically serve under both Republican and Democratic administrations, Supreme Court May opinion suggests Trump lacks the authority to fire the chair.
Trump’s Broader Agenda
Beyond the Fed, Trump is also under scrutiny for:
- His unrelenting focus on the Jeffrey Epstein case, resisting the Ongoing investigation over Epstein’s death in 2019.
- Criticizing Treasury Secretary Scott Bessent who argued Powell’s job was safe.
- Attempting to redirect attention from his own administration’s privacy violations at the Epstein files.
Possible Outcomes of Thursday’s Visit
Trump is expected to sign executive orders at the White House after the tour. Whether he will ultimately fired Powell remains uncertain, with the public debate centered on whether a cost‑overrun renovation mode shields the Fed from presidential retaliation.
