Trump to visit the Federal Reserve in the campaign against Jerome Powell star-news.press/wp

President Donald Trump visited the Federal Reserve on Thursday, and escalated in a pressure campaign against Central Bank President Jerome Powell because of his administration of continuous renovations at the headquarters of the Federal Reserve.

When wearing solid hats for white construction, Trump stood next to Powell and made brief notes this afternoon, while quickly turned into an embarrassing televised scene. The President suddenly withdrew a paper of paper and claimed that the cost of the project increased to $ 3.1 billion from $ 2.5 billion. “It has risen a little, or a lot,” Trump said.

He seemed to hold Powell outside the guard. He shook his head and complained of Trump’s characters on direct TV. “I am not aware of this,” he said. “I haven’t heard that from anyone at the Federal Reserve.”

The head of the Federal Reserve said that Trump has accidentally included the price of another Federal Reserve Building that was promoted in 2021. “I just added in a third building … It was built five years ago.” “This is not new.”

The president later repeated his continuous request for low interest rates. At the end of the tour, he asked for some extent. “I don’t want to put it in this category,” Trump said when asked whether the cost transgression operations are a fire -can crime. “This is an expensive function. I have been out of control, and this happens.”

Trump is only the third president who visits the federal reserve with an official ability, and it is a very rare occurrence that shows the usual isolation of the institution from politics. President George W. Bush was the last to take a trip in 2006 to East Bin Bernanky as head of the Central Bank.

Administration officials and their allies have surveyed the continuing FED promotions to its headquarters in Washington, claiming that Powell had threatened the project and built a case to launch it for the reason. The president has thought about shooting Powell, just to reduce the possibility later amid warnings of chaos that could unleash the financial markets. It was angry that the central bank was sitting on interest rates, on the pretext that it increases interest from the United States on its national debt.

Trump joined a visit by White House Adviser James Blair, White House head of the House, Russell Fion, and Federal Housing Agency, Bill Polly. The trio is the nucleus of Trump’s burned campaign against the Federal Reserve for its decision not to reduce interest rates so far this year. Trump’s tour of the renewal site continued slightly more than an hour, according to the White House table. The Chairman of the Senate Banking Committee, Tim Scott of South Carolina, toured the site.

“What we do not want to do is the federal reserve to play politics. “It seems that he is a politician now.”

Trump administration officials said the president will not take the sharp move of shooting Powell, and will allow him to apply in the last nine months of his term, which ends next May. Legal experts say that Trump’s overthrow is likely to launch a long battle from the court without any guarantee of success for the president.

“He will not shoot him,” Treasury Secretary Scott Bessens told MSNBC on Wednesday.

However, Bessent agreed with the rest of the Trump administration by urging the broad investigation into non -monetary policy operations in the Federal Reserve. The Federal Reserve described as a “non -accountable agency” in an interview with Fox Business on Thursday.

There has always been respect from the two parties to the Federal Reserve in its dual state to ensure stable prices and the maximum employment. But there may be a current transformation between Republicans who provide a backup to Trump and demand more information from the Federal Reserve.

On Thursday, Representative Representative Dan Misel from Pennsylvania, who heads a sub -committee at home on supervision and investigations, sent a message to Powell in search of more information about the project.

“The committee is committed to obtaining answers to better understanding buildings in the Federal Reserve.”

After that after Wednesday’s speech from Scott to Powell Pushing for more documents to support the Powell Certificate about renewal.

However, other Republican corners do not join the battle led by Trump against the Federal Reserve.

“I said this from the first day, he is working better for management if they can show these people as independent and support them,” said Republican Senator Mike Rolls of South Dakota, another member of the Banking Committee.

Douglas Holtz Ikeen, President of the Conservative American Labor Forum, The name Trump’s visit “side offer”.

Powell defended his dealings with the renewal project, and sent a message to the White House last week, saying that his testimony to Congress on the promotions was accurate. The Federal Reserve published a video of the construction site this week On a page of questions and answers Which showed the installation of explosive windows among other renovations.