Trump Visits Federal Reserve; Escalating Pressure To Cut Interest Rates

1 week ago President Donald Trump plans to visit the Federal Reserve as his allies scrutinize its expensive building renovations. It's a highly personal and confrontational escalation of Trump's campaign to pressure the central bank to slash interest rates. Trump administration officials have used concerns about the Washington building overhaul to cast doubt on Fed Chairman Jerome Powell’s decision making. The Trump administration officials are scheduled to inspect the site Thursday. The White House says the Republican president will also be visiting. Trump has criticized Powell for months because the chair has kept the short-term interest rate the Fed controls at 4.3%. Powell says the Fed wants to see how the economy responds to Trump’s tariffs.