Trump Urges Fed To Cut Interest Rates During Washington Visit

President Donald Trump visited the Federal Reserve headquarters in Washington to pressure Fed Chairman Jerome Powell to lower interest rates, arguing that high rates are making home ownership difficult despite robust economic growth. During the visit, Trump toured the Federal Reserve's ongoing multi-billion dollar renovation project, criticizing its high costs and comparing it unfavorably to his own successful renovation of the Old Post Office. Trump emphasized that the U.S. economy is strong with no inflation and significant cash flow, asserting that the country should have the lowest interest rates globally. He expressed confidence that Powell would eventually take appropriate action to reduce rates, although acknowledging that it might be delayed. The visit was viewed as part of the administration's broader effort to influence monetary policy towards easing borrowing costs to support housing affordability and economic growth. Throughout, Trump maintained a firm stance on his desire for lower interest rates, both publicly and on social media.