Trump escalates attack on Fed with surprise renovation visit

DDM News

Former U.S. President Donald Trump is set to visit the Federal Reserve’s headquarters in Washington, D.C., Thursday afternoon amid growing tensions with its Chairman, Jerome Powell.

Diaspora Digital Media (DDM) gathered that the visit, scheduled for 4 p.m. ET, was originally planned for White House staff to inspect the central bank’s ongoing $2.5 billion renovation project.

However, Trump’s last-minute decision to personally attend has transformed the routine tour into a politically charged statement.

According to CNN, the move is widely seen as part of Trump’s broader campaign to pressure Powell, whom he has accused of mismanaging both interest rate policy and fiscal oversight.

Trump has been publicly critical of Powell since the Federal Reserve paused interest rate cuts, especially during a period of heightened trade uncertainty.

While it remains unclear whether Trump will meet Powell during the visit, the symbolism of his presence at the Fed building is unmistakable.

Presidential visits to the Federal Reserve are highly uncommon and are typically interpreted as an intrusion into the bank’s long-held independence from political influence.

The central bank’s independence is a cornerstone of its credibility and has been defended by both Democratic and Republican administrations in the past.

But Trump has repeatedly challenged that norm.

He has called for Powell to resign and has accused the Fed of sabotaging his economic legacy.

The Fed’s current renovation, reportedly over budget and now totaling $2.5 billion, has become a fresh flashpoint in that conflict.

The White House has raised concerns that the Federal Reserve may have violated federal planning requirements in the execution of the project.

Critics say Trump’s focus on the renovation project is a calculated move to undermine confidence in Powell’s leadership.

Some experts believe the visit could be an attempt to shift public attention from economic pressures facing his campaign.

Others see it as a strategic bid to politicize the Fed heading into a potentially turbulent election season.

Though no direct confrontation with Powell has been confirmed, the visit is expected to increase the perception of tension between the White House and the Federal Reserve.

The Fed’s headquarters, a historic building with symbolic significance, has become the latest battleground in Trump’s ongoing efforts to influence U.S. economic policy.

As Trump ramps up his 2024 campaign, the stakes of his criticism of Powell and the Fed may only grow higher.

Analysts warn that continued political interference in the Fed’s operations could undermine both investor confidence and economic stability.

For now, Trump’s visit marks a new chapter in his combative relationship with one of the nation’s most important financial institutions.

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