President Trump visited the Federal Reserve before an important rate-setting meeting. The visit focused on a costly renovation project of two historical buildings, criticized by Trump. Tensions have risen between the Trump administration and the independent Federal Reserve regarding interest rates, with Trump demanding a 3 percentage point reduction. The president publicly criticized Fed Chairman Jerome Powell, who remained silent during the remarks. Trump's real estate experience was referenced in relation to cost overruns and his expectations of Powell potentially lowering rates.
Trump's visit to the Federal Reserve coincided with tensions between the administration and the Fed over interest rates and building renovation costs.
Trump has consistently pressured the Fed to lower rates by 3 percentage points, while expressing frustration with Fed Chairman Jerome Powell's decisions.
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