Trump To Visit Fed HQ As Criticism Of Powell Continues

President Trump will visit the Federal Reserve headquarters on Thursday, amidst ongoing tensions with Chairman Powell. The White House announced the visit without specifying a meeting with Powell. Trump has repeatedly criticized Powell's interest rate policies, calling for his resignation and lower rates. Trump also criticized the Fed's costly building renovations, suggesting this as further grounds for dismissal. The Fed's response cited necessary upgrades to outdated building systems. Treasury Secretary Bessent also called for an internal Fed review, citing mission creep and concerns over spending on renovations. Bessent emphasized the importance of the Fed's independence while highlighting the need for accountability. He used the example of the FAA to illustrate the need for a thorough review of the situation. The visit and criticisms underscore significant disagreements between the administration and the Federal Reserve.