Posted on 07/24/2025 7:46:58 AM PDT by SeekAndFind
U.S. President Donald Trump will visit the Federal Reserve on Thursday, the White House said, escalating his pressure campaign against Chairman Jerome Powell.
This is the first time in nearly two decades that an American president will be making an official trip to the central bank.
American presidents have traditionally respected the independence of the Fed, which is insulated both in law and in practice from the political whims of elected officials.
Trump’s visit is a remarkable symbolic move on that independence, bringing his drumbeat of criticism over Powell’s refusal to lower interest rates right to the chairman’s doorstep.
The White House released a schedule on Wednesday that said Trump would visit the Federal Reserve at 4:00 p.m. ET on Thursday.
Trump has repeatedly criticized Powell for not cutting interest rates, even floating the idea of firing him, despite legal questions over his authority to do so.
“I think he’s done a bad job, but he’s going to be out pretty soon anyway,” Trump told reporters earlier this week at a White House event.
Trump last week sought opinion from a group of Republican lawmakers on firing Powell, before denying he intended to remove the Fed chair. “We’re not planning on doing it ... I think it’s highly unlikely, unless he has to leave for fraud.”
Powell has said that his firing is “not permitted under the law.”
(Excerpt) Read more at cnbc.com ...
What happened to visiting Fort Knox?
Powell has spent more on his building renovation than it costs to build an entire nfl stadium. Let that sink in.
And it’s true. His office renovation is at 2.5 biklion. The new Cleveland Browns stadium with dome is to cost 2.2 billion.
I can’t even begin to fathom having a renovation cost more than a state of the art domed stadium with land, parking, box seats, suites, concessions, etc. It absolutely blows my mind.
**************
That applies to policy reasons, not for malfeasance.
Why do they need a new office? Nobody even goes to the office anymore. I haven’t been to my office in 5 years.
“Nice offices ya got here Jerome. No reason for anything more”
hopefully he gets to put his feet up on powell’s desk
“escalating campaign against Chair Jerome Powell”
So the rats at CNBC are mobilizing to save Powell. That’s reason enough. Find a way to dump this globalist punk.
It’s not a new office...just a renovation.
“I think he’s done a bad job, but he’s going to be out pretty soon anyway”.
Testing the boss never a good idea time to learn to be the bag man for the bookie no or else options left.
OK Trumper. put a bill together to require our money to be tied to a basket of commodities. Kudlow will put it together for you.
Trump to Powell: “Jerry, that’s 2.5B right? that’ll come out of your pay.”
Trump in his element like a boss. Powell looking nervous and confused.
A friend’s IT business is wherever he and his computer are. Another’s online education business is the same.
So, you’re correct and getting correcter all the time. :>)
exactly
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.