1 month ago
6
(NewsNation) — President Donald Trump volition tour the Federal Reserve's renovations connected Thursday afternoon, the White House announced precocious Wednesday, arsenic helium continues a run against Fed seat Jerome Powell.
The sojourn volition people the archetypal clip successful astir 2 decades that a sitting president has made an authoritative travel to the nation's cardinal slope — the past was George W. Bush, who attended a swearing-in ceremonial for president Ben Bernanke successful 2006.
Usually, presidents marque a marked effort to respect the independence of the Fed, which describes itself arsenic "an autarkic authorities agency" and "ultimately accountable to the public and the Congress." That includes avoiding straight asking them to alteration their decisions oregon paying visits to the Fed.
But Trump has consistently criticized Powell — who helium calls "too late" — for his refusal to little involvement rates and, much recently, has alleged mismanagement of the renovation project.
Last week, Trump somewhat denied rumors that helium is preparing to fire Fed seat Jerome Powell soon, telling reporters: “I don’t regularisation retired anything, but I deliberation it’s highly unlikely, unless helium has to permission for fraud."
Federal Reserve Chairman Jerome Powell walks disconnected pursuing a quality league pursuing the Federal Open Market Committee meeting, Wednesday, May 7, 2025, astatine the Federal Reserve successful Washington. (AP Photo/Jacquelyn Martin)House Speaker Mike Johnson, R-La., did not contradict the anticipation but alternatively said it's unclear whether Trump could occurrence Powell.
“Can the president occurrence Jerome Powell? I’m truly not sure,” Johnson, a erstwhile law lawyer, told reporters successful the Capitol. “I person been not blessed with the enactment there, personally. But I’m honestly not definite whether that enforcement authorization exists. I’d person to look astatine that.”
Powell has said that his firing is “not permitted nether the law" and indicated helium would not measurement down if Trump asked him to.
Trump's 4 p.m. EDT sojourn volition let the president to spot the effect of a multiyear, $2.5 cardinal renovation astatine the cardinal bank.
Both Trump and members of his medication person criticized the project, with White House Budget Director Russ Vought announcing earlier this period that helium was investigating the plans, which made him “extremely troubled."
It's unclear whether Trump and Powell volition interact during the event.
NewsNation spouse The Hill contributed to this report.
