Summary
President Donald Trump visited the Federal Reserve with Chair Jerome Powell to see a renovation project worth $2.5 billion. During the visit, they discussed interest rates and the project's details in front of reporters, which was the first time they met publicly since Trump criticized the Federal Reserve's rate policies.
Key Facts
- Donald Trump and Jerome Powell toured a $2.5 billion Federal Reserve renovation project.
- Trump joked about wanting Powell to lower interest rates.
- Reporters witnessed the exchange and some laughed, including Powell.
- Trump and Powell had not met publicly since Trump criticized the Federal Reserve's interest rate decisions.
- The visit was the first by a sitting U.S. president to the Federal Reserve since 2006.
- A rate-setting meeting is expected soon, but rates are expected to remain unchanged.
