About This Trend
Jerome Powell is the Chair of the Federal Reserve, a key institution in the United States' monetary policy establishment.
President Donald Trump is currently facing off with Jerome Powell over the cost of the Federal Reserve's renovation and interest rate policy. According to NBC News, the president recently visited the Fed's construction site, sparking an awkward exchange with Powell over the price of the project. Trump has also expressed his intention to cut interest rates, a move that Powell has not explicitly endorsed. The feud has reignited discussion over Trump's campaign to pressure Powell, with the president accusing him of doing a “bad job”. Meanwhile, Powell’s term as Fed chair is set to expire in May. A feature article on NBC News provided in-depth coverage of the president's visit and the escalating tensions between Trump and Powell.