Trump Visits Federal Reserve Amid Policy Tensions, $3.1 Billion Renovations

President Donald Trump plans to visit the Federal Reserve headquarters in Washington, D.C., amidst escalating tensions between his administration and the central bank. The visit will include a tour of the Fed's extensive and costly renovation project, which has become a focal point of criticism from Trump and his allies, who accuse Fed Chair Jerome Powell of mismanagement and lack of oversight. The White House has expressed frustration over Powell's refusal to cut interest rates, with officials, including Federal Housing Finance Agency Director Bill Pulte and OMB Director Russ Vought, openly calling for Powell's resignation. Powell has responded by requesting an independent review of the renovation project. This visit, occurring shortly before a critical rate-setting meeting, highlights the strained relationship between the Trump administration and the Fed, as well as the broader political and fiscal controversies surrounding the central bank's operations. The event has garnered significant attention from both political circles and financial markets anticipating the implications for monetary policy.