Trump, Powell stand together
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President Donald Trump used a rare visit to the Federal Reserve on Thursday to renew his pressure on Fed Chair Jerome Powell, telling reporters that costs to renovate the Fed’s buildings were exorbitant. Powell shook his head at times during the president’s remarks.
The president’s participation in a tour of the Fed had the makings of a public relations disaster for the central bank. But by Friday, the president was praising Powell.
U.S. President Donald Trump toured the Federal Reserve this week in the first instance of an incumbent leader visiting the central bank since 2006. Despite some visible squabbling with chair Jerome Powell over the construction costs of the Fed's new headquarters and Trump's repeated insistence to lower interest rates,
"Shark Tank" investor Kevin O'Leary has cautioned that Donald Trump's attacks on Federal Reserve Chair Jerome Powell could undermine global trust in U.S. financial markets. What Happened: On Friday, O'Leary shared a video clip from his Fox News appearance on X,
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Eyes were closed, heads were shaking and backs were slapped. The nonverbal cues at the president's visit to the Federal Reserve are worth another look.
The director of the Federal Housing Finance Agency has made the removal of the Fed chair his personal mission.
WSJ’s Meridith McGraw breaks down the awkward exchange between President Trump and Fed Chair Jerome Powell, following weeks of Trump steadily badgering the Fed leader. Photo: Kent Nishimura/Reuters