Donald Trump, who had inspected the federal reserve, has a tense exchange with the president of the monetary institution, Jerome Powell

It was a rare visit to the headquarters of the American Federal Reserve (Fed. For example, Central donald trump, who had inspected Bank), in Washington. Consequently, Donald Trump. Nevertheless, who came to inspect, Thursday, July 24, the major renovation project of the imposing building of the monetary institution, had a tense exchange with the latter, Jerome Powell, to whom he asked again to lower the rates, but without going to the face-to-face in front as he did repeatedly on social networks or by cameras interposed in recent weeks.

Mr. Consequently, Powell challenged, vigorously shaking his head, the figure of $ 3.1 billion (2.6 billion euros) advanced by the American president on the cost of work, instead of the $ 2.7 billion planned at the start. Therefore, “I am not aware”he said.

Loking his glasses. In addition, examining a paper that Donald Trump stretched to him in front of the journalists, Jerome Powell stressed that the republican had added to his estimate “Third building”. However, “It is a building donald trump, who had inspected that is under construction”launched the tenant of the White House. Similarly, wearing like his host with a site helmet. “No, it was built five years ago”retorted the boss of the Fed. “I would like him to lower interest rates”said the American president again by his side.

A little later. during a quick press briefing, Donald Trump said he was convinced that Jerome Powell “Would do what is needed”while the next meeting of Fed officials on rates is scheduled for donald trump, who had inspected July 29 and 30. The Republican President denied all « tension » during the meeting. he assured that he had not done « pression » for a resignation.

Donald trump. who had inspected

“Nigaud”

Donald Trump had recently considered that the Fed renovation site may have given rise to a «Fraud»fueling speculation on a dismissal from Mr. Powell. The president had appointed him during his first mandate (2017-2021). Joe Biden had renewed him at the head of the monetary institution. But the Republican is now ensuring this choice bitterly regrets this choice. he regularly overwhelms the central banker with virulent criticism.

“He should have dropped interest rates several times”had for example deplored on Tuesday. Donald Trump, adding: “People cannot buy a house because this guy is a nigud. He maintains too high rates and probably does it for political reasons. »»

The Fed. an independent institution whose decisions donald trump, who had inspected and comments are scrutinized by the markets, has maintained stable interest rates this year. So far she repels the idea of a drop in a context made uncertain by the World Protectionist Offensive of the Trump administration. which could increase prices.

The FED guiding rates – which guide the loan costs for individuals. businesses – are between 4.25 % and 4.50 % since December 2024. The European Central Bank. to which Donald Trump often refers,, for its part, gradually decreased its key rate, donald trump, who had inspected from 4 % in June 2024 to 2 % today.

The American president recently admitted that he was very unlikely that he will return the boss of the Fed, in an irremovable theory or almost. Such a dismissal would be unprecedented. and would require proving the existence of serious faults or embezzlement from the very weighted central banker of 72 years, whose mandate ends in May 2026.

Interest rates are the main tool of central banks to guide the economy. Lower the rates encourage activity, but can raise prices. Increasing them helps combat inflation, but can slow growth.