Trump to Visit Federal Reserve As Campaign Against Powell Intensifies

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The administration has repeatedly criticized Jerome H. Powell, the chair of the central bank, for his handling of the economy and the cost of renovations at the institution’s headquarters.

Workers, some on buckets elevated by a crane, work on a stone building.
The Federal Reserve building in Washington, last week.Credit...Anna Rose Layden for The New York Times

Colby Smith

July 24, 2025, 12:14 a.m. ET

The White House announced late Wednesday that President Trump would visit the Federal Reserve, increasing the administration’s pressure on the central bank after attacks over its management of the economy and renovations underway at its headquarters in Washington.

Mr. Trump will visit the Fed at 4 p.m. Eastern time on Thursday, according to a daily schedule published by White House. No additional details were given about the visit beyond that it would last about an hour. It did not specify whether Mr. Trump would be meeting with Jerome H. Powell, the Fed chair and the primary target of the president’s repeated attacks on the central bank.

The Fed did not have an immediate comment about Mr. Trump’s visit.

Top administration officials were already scheduled to tour the construction site on Thursday, a concession that was granted to them by the Fed as it has sought to deflect criticism of the project, which involves a pair of buildings that are close to 100 years old and undergoing a roughly $2.5 billion revamp.

In recent days, the central bank has published a virtual tour of the construction site, including footage of asbestos caulking being removed and blast-resistant windows being installed. It has also specified where certain features, like a rooftop terrace for staff, have been scaled back.

Mr. Trump’s visit marks an escalation in his pressure campaign against the Fed. Presidents do not typically go to the central bank in an official capacity, reflecting the longstanding independence of the institution from the White House.


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