U.S. Federal Reserve Chair Jerome Powell and U.S. President Donald Trump.
Elizabeth Frantz | Nathan Howard | Reuters
U.S. President Donald Trump will go to the Federal Reserve on Thursday, the White Home mentioned, escalating his strain marketing campaign in opposition to Chairman Jerome Powell.
That is the primary time in practically twenty years that an American president has made an official journey to the central financial institution.
American presidents have historically revered the independence of the central financial institution, which is insulated each in regulation and in apply from the political whims of elected officers.
Trump’s go to is a outstanding symbolic transfer on that independence, bringing his drumbeat of criticism over Powell’s refusal to decrease rates of interest proper to the chairman’s doorstep.
The White Home launched a schedule on Wednesday that Trump would go to the Federal Reserve at 4:00 p.m. ET on Thursday.
