Trump tussles with Jerome Powell on rare visit to Federal Reserve | Federal Reserve
Donald Trump moved away from the Federal Reserve chair Jerome Powell during a rare presidential visit to the center of the Central Bank on Thursday.
Trump continued his campaign to print to reduce interest rates, and visited the center of Washington to see the costly renovations he claimed to have a fraud.
Trump, a “Numbskull olmak for the decisions of Powell not to reduce the rates of Fed, increased his pressure on Powell with an invoice criticism of $ 2.5 billion for renewing the historical buildings of the Fed.
Powell and Trump stood on hard hats on the Fed’s construction site. Trump called on the FED chair to stand closer to him, claiming that the renovation bill would now cost $ 3.1 billion.
“Apparently about 3.1 billion dollars – a little or a lot increased, Tr Trump said. Usually the unexplained Powell seemed visibly uncomfortable, closed his eyes and shook his head. Orum I am not aware of that, Pow Powell said.
He gave a piece of paper by Trump, scanned him, and said the new figure contained the renewal cost for the Martin building, a different Fed Office that was renewed five years ago. “Not new, Pow Powell said.
A reporter asked what to do if a project manager exceeded the budget, Trump said: ım I would fire him.
“Look, I would like to see it was completed, Tr Trump said. “I don’t want to put this in this category.”
The President moved away from the previous statements he proposed that he would shoot Powell, a proposal that shaken the stock markets. Trump said: “To do this is a big move and I do not think it is necessary, and I believe that I believe you will do the right thing.”
The visit to the FED comes from the central bank for a two-day ratio determination meeting of 19 policymakers, where the Central Bank is expected to leave the comparison interest rate between 4.25-4.50%.
Trump demanded that the Fed rates be three points lower. Trump asked Powell to reduce the US interest rates and often increase the likelihood of expelling it.
Before Trump’s visit, the FED staff accompanied a small journalist around the construction site. They were knitted around cement mixers and construction machines and talked about the sound of drills, strokes and saws.
FED personnel, including explosion -resistant windows, including safety features, material and labor costs in addition to tariffs and increases in addition to the cost of costs, he noted that they said.
Reuters contributed to this story
