Trump escalates Fed conflicts amid $2.5bn renovation and Powell tenure

1 min read
Source: Financial Times
Trump escalates Fed conflicts amid $2.5bn renovation and Powell tenure
Photo: Financial Times
TL;DR

Donald Trump plans to visit the Federal Reserve to pressure Chair Jay Powell into cutting interest rates more aggressively, amid ongoing criticism of the Fed's $2.5 billion headquarters renovation and broader frustrations with monetary policy. The visit, which includes other administration officials, marks a rare move to scrutinize the central bank's spending and policy decisions.

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