Trump to visit Federal Reserve, escalating pressure on Chair Powell
Jul. 24, 2025
President Donald Trump will make a rare visit to the Federal Reserve on Thursday, the first by a sitting U.S. president in nearly 20 years.
The visit is scheduled for 4 p.m. ET.
The move marks a symbolic challenge to the central bank’s independence, as Trump continues to criticize Chairman Jerome Powell for not cutting interest rates.
“I think he’s done a bad job, but he’s going to be out pretty soon anyway,” Trump told reporters earlier this week at a White House event.
Trump has even floated firing Powell, an action experts say is not legally permitted. While past presidents have voiced frustrations with Fed policy, none have taken such direct action.
The President last week sought input from Republican lawmakers on the possibility of firing Powell. He later walked back the idea, saying, “We’re not planning on doing it… I think it’s highly unlikely, unless he has to leave for fraud.”
https://seekingalpha.com/news/4471135-trump-to-visit-federal-reserve-escalating-pressure-on-chair-powell