US President Donald Trump visited the Federal Reserve’s office renovations on Thursday, sparking an unexpected show of praise from him towards Chairman Jerome Powell. The rare display of civility between Trump and Powell was a stark contrast to the recent criticism of cost overruns at the White House.
The meeting took place as the Fed is facing increasing scrutiny over its handling of monetary policy and interest rates. Powell has been under pressure from Trump’s administration to lower rates, which has led to concerns among economists that the Fed may be easing too quickly.
Despite this backdrop, Trump praised Powell for his leadership, saying “he’s doing a fantastic job.” The comment was seen as a surprise given Trump’s previous criticism of Powell and the Fed’s policies.
Source: https://www.washingtonpost.com/business/2025/07/25/trump-powell-federal-reserve-interest-rates