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Trump Spars With Powell During Fed Visit
Business Standard
|July 26, 2025
This comes less than a week before Fed's policy review, which is expected to leave interest rate in 4.25-4.50% range
US 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.
"To do so is a big move and I just don't think it's necessary," Trump said.
This story is from the July 26, 2025 edition of Business Standard.
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