Trump Visits Federal Reserve Amidst Financial Turmoil

Donald Trump, on a rare visit to the Federal Reserve, critiques the $2.5 billion renovation of historic buildings, accusing the central bank of financial mismanagement. This visit comes as Trump pressures Fed Chair Jerome Powell to lower interest rates, amidst political and economic tensions.


Devdiscourse News Desk | Updated: 25-07-2025 01:55 IST | Created: 25-07-2025 01:55 IST
Trump Visits Federal Reserve Amidst Financial Turmoil
Donald Trump

In a rare presidential appearance, U.S. President Donald Trump visited the Federal Reserve's headquarters on Thursday, harshly criticizing a $2.5 billion renovation considered extravagant by the White House.

Trump's visit occurs less than a week before the Fed's pivotal rate-setting meeting, with tensions running high over Trump's demands for a rate cut.

The president's critique centers on a $700 million cost overrun and alleged financial mismanagement, casting a spotlight on Fed operations as Trump grapples with political and economic challenges.

(With inputs from agencies.)

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