President Donald Trump is set to visit the Federal Reserve today, according to the White House schedule, though no further details were shared.
The visit comes as Trump intensifies criticism of Fed Chair Jerome Powell, accusing him of being slow to cut interest rates and calling him a “loser.” The Fed has so far held rates steady this year, despite Trump’s push for cuts amid ongoing tariff impacts.
Trump has also taken aim at the Fed’s US$2.5 billion renovation project, raising speculation about Powell’s future. Meanwhile, Treasury Secretary Scott Bessent has questioned the Fed’s overall effectiveness. Powell’s term ends in May 2026.
