US Federal Reserve Chairman Jerome Powell and US President Donald Trump.
Elizabeth Franz Nathan Howard Reuters
The White House said that US President Donald Trump will visit the federal reserve on Thursday, which is escalating in his campaign to pressure against the Chairman of the Board of Directors Jerome Powell.
This is the first time for nearly two decades, the US President made an official trip to the central bank.
The US presidents have traditionally respected the independence of the central bank, which is isolated in the law and in practice from the political warrants of elected officials.
Trump’s visit is a wonderful symbolic step on this independence, as he brought his shield from criticism about Powell’s refusal to reduce interest rates directly to the president’s threshold.
The White House released a schedule on Wednesday that Trump will visit the federal reserve at 4:00 pm Each time on Thursday.
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