🇺🇸👷♂️ Trump Visits Fed Site, Jokes: “I Won’t Fire Powell — Just Cut the Rates!”
Washington D.C., July 24 —
In a rare and symbolic move, President Donald Trump personally toured the Federal Reserve headquarters construction site, walking the grounds with Fed Chair Jerome Powell — both wearing hard hats.
🧱 The visit turned into a media spectacle as Trump slammed the $2.5B renovation budget, joked about Powell’s job security, and again pushed his top priority:
> “Cut interest rates. That’s all I want.”
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🔥 Clash Over Costs
Trump held up a paper saying the project had ballooned to $3.1 billion.
Powell quickly corrected him:
> “That was a different building. Finished five years ago.”
Tensions rose — but Trump kept it half-joking:
> “If this were my project, heads would roll… But I’m not targeting you, Jay.”
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🎯 "Just Lower the Rates"
Trump made it clear: the real target is monetary policy.
> “I’ve done bigger projects under budget in New York. I just want lower interest rates — it’s that simple.”
He later posted on Truth Social:
> “I wish it had never started. But since it has — finish it fast.”
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🏛️ Powell’s Term Ending Soon?
With Powell’s term set to expire soon, speculation is growing:
Will Trump name a new Fed Chair?
Markets expect two rate cuts before year-end, but Powell remains cautious, warning of inflation risks.
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🔍 Fed Drama, Election Heat, and Monetary Stakes
Trump’s visit was more than optics — it was a direct message to the Fed:
Get rates down. Or get replaced.
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