{"id":87718,"date":"2025-07-24T04:24:10","date_gmt":"2025-07-24T04:24:10","guid":{"rendered":"https:\/\/www.europesays.com\/us\/87718\/"},"modified":"2025-07-24T04:24:10","modified_gmt":"2025-07-24T04:24:10","slug":"trump-to-visit-federal-reserve-in-person-after-threatening-to-fire-chair-powell","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/87718\/","title":{"rendered":"Trump to visit Federal Reserve in person after threatening to fire Chair Powell"},"content":{"rendered":"

U.S. Federal Reserve Chair Jerome Powell and U.S. President Donald Trump.<\/p>\n

Elizabeth Frantz | Nathan Howard | Reuters<\/p>\n

U.S. President Donald Trump<\/a> will visit the Federal Reserve on Thursday, the White House<\/a> said, escalating his pressure campaign against Chairman Jerome Powell<\/a>.<\/p>\n

This is the first time in nearly two decades that an American president will be making an official trip to the central bank.<\/p>\n

American presidents have traditionally respected the independence of the central bank, which is insulated both in law and in practice from the political whims of elected officials.<\/p>\n

Trump’s\u00a0visit is a remarkable symbolic move on that independence, bringing his drumbeat of criticism over Powell’s refusal to lower interest rates right to the chairman’s doorstep.<\/p>\n

The White House released a schedule on Wednesday that said Trump would visit the Federal Reserve at 4:00 p.m. ET on Thursday.<\/p>\n

Trump has repeatedly criticized Powell for not cutting interest rates, even floating the idea of firing him, despite legal questions<\/a> over his authority to do so.<\/p>\n

“I think he’s done a bad job, but he’s going to be out pretty soon anyway,” Trump told reporters<\/a> earlier this week at a White House event.<\/p>\n

Trump last week sought opinion from a group of Republican lawmakers<\/a> on firing Powell, before denying he intended to remove the Fed chair. “We’re not planning on doing it … I think it’s highly unlikely, unless he has to leave for fraud.”<\/p>\n

Powell has said that his firing is “not permitted under the law.”<\/p>\n

While former presidents have criticized prior Fed chairs, no president has attempted to fire the top central banker.<\/p>\n

\u2014 CNBC’s Christina Wilkie contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"U.S. Federal Reserve Chair Jerome Powell and U.S. President Donald Trump. Elizabeth Frantz | Nathan Howard | Reuters…\n","protected":false},"author":3,"featured_media":87719,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[8000,78,133,76,64,81,77,79,142,135,80,67,132,68],"class_list":{"0":"post-87718","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-asia-economy","9":"tag-breaking-news-economy","10":"tag-breaking-news-markets","11":"tag-breaking-news-politics","12":"tag-business","13":"tag-business-news","14":"tag-donald-j-trump","15":"tag-economy","16":"tag-jerome-powell","17":"tag-markets","18":"tag-politics","19":"tag-united-states","20":"tag-unitedstates","21":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114906311205333759","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/87718","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=87718"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/87718\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/87719"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=87718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=87718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=87718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}