Trump visits the Federal Reserve again, hoping Powell will cut interest rates.

date
26/07/2025
On the 24th local time, President Trump visited the Federal Reserve. Trump said that he had a discussion with Fed Chairman Powell about interest rates, calling it "a very productive conversation." Trump expressed his hope that Powell could lower interest rates, stating that if rates were lowered from three percentage points to one percentage point, the U.S. could save over a trillion dollars. He will observe how the committee sets interest rate policies. Regarding the dismissal of Fed Chairman Powell, Trump stated that it would be a big move. Additionally, Trump mentioned renovation project data. Powell stated that the renovation project is expected to be completed by 2027. Trump said that he usually fires project managers who exceed the budget.