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cliffside

(1,309 posts)
Thu Jul 24, 2025, 12:07 AM Jul 24

Trump to visit Fed on Thursday, ramping up pressure on Powell ... [View all]

https://www.reuters.com/world/us/trump-visit-fed-thursday-ramping-up-pressure-powell-2025-07-24/

"July 23 (Reuters) - U.S. President Donald Trump, a robust critic of Federal Reserve Chair Jerome Powell, will visit the central bank on Thursday, the White House said, a surprise move that escalates tension between the central bank and the administration...

...White House deputy chief of staff James Blair said this week that administration officials would be visiting the Fed on Thursday but did not say the president would join...

In a schedule released to the media on Wednesday night, the White House said Trump would visit the Federal Reserve at 4 p.m. (2000 GMT) on Thursday. It did not say whether Trump would be meeting with Powell...

Initial market reaction was subdued, with the yield on benchmark 10-year Treasury bonds steady at 4.387% in Asian hours and the dollar weakening slightly..."



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