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Trump presses US central Bank chief to cut rates during tense visit
WASHINGTON: President Donald Trump locked horns with Federal Reserve Chair Jerome Powell during a rare presidential visit to the US central bank on Thursday, criticizing the cost of renovating two historical buildings at its headquarters and pressing the case for lower interest rates. Trump, who called Powell a “numbskull” earlier this week for failing to heed the White House’s demand for a large reduction in borrowing costs, wrapped up his visit to the Fed’s $2.5 billion building project in Washington by saying he did not intend to fire Powell, as he has frequently suggested he would.
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aljazeera.com
Why Trump’s attacks on Jerome Powell are raising fears for the US economy
The US president's broadsides against the Fed chair have prompted concern about the independence of the US central bank.
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theguardian.com
Donald Trump will add to pressure on Jerome Powell with visit to Federal Reserve
The US president and the central bank have clashed over a $2.5bn renovation and its ongoing refusal to cut interest rates
