Trump’s Federal Reserve Visit Sparks Tensions Over Powell’s Leadership

President TRUMP made a rare visit to the Federal Reserve headquarters, marking the first presidential appearance in nearly two decades. The move comes amid escalating tensions with Fed Chair Jerome Powell, whom Trump has publicly criticized for economic policies and alleged mismanagement of Fed renovations.

Trump has repeatedly attacked Powell for maintaining interest rates at 4.3% and mishandling inflation. The Fed defends its stance, citing the need to assess the full impact of Trump's tariffs before further action. Trump, however, suggests Powell could be fired, arguing for lower rates to stimulate the economy amid trade frictions.

Treasury Secretary Scott Bessent attempted to calm markets, stating there's no immediate reason for Powell to step down. Despite the political drama, equities remain resilient, with the S&P 500 and Nasdaq hitting record highs.