About This Trend
Jerome Powell is the 16th chair of the Federal Reserve.
According to NBC News, President Trump recently visited the Federal Reserve, escalating his pressure campaign against Chairman Jerome Powell to cut interest rates. This visit has sparked a heated exchange between Trump and Powell over the cost of the Fed's renovations. News coverage of the event has highlighted the ongoing tension between the two. The visit is seen as a move by Trump to intimidate Powell, with some experts suggesting it may be a political tactic to influence the Fed's decision on interest rates. Trump has been critical of Powell's performance, stating that he has "done a bad job" as Fed chair.