Trump, Federal Reserve and Powell
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2don MSN
On Thursday, staff at the Federal Reserve led a small group of journalists, photographers and television cameras on an extensive tour of the large, active construction site that comprises two 1930s-era buildings.
Trump will visit the headquarters of the Federal Reserve today, the White House said. The unusual visit comes as the president has tried to pressure Chair Jerome Powell to lower interest rates and amid criticism by him and top administration officials over the cost of renovations to the building.
Economist Judy Shelton, a former advisor to President Donald Trump during his first term and senior fellow at the Independent Institute, delivered a sweeping critique of the Federal Reserve on Monday.
Slashing government interest rates could have the paradoxical effect of raising the interest rates paid in the real world.
Oversight Committee Chairman James Comer, R-Ky., will issue the subpoenas, according to a committee spokesperson. This follows Comer issuing a subpoena for Epstein’s co-conspirator Ghislaine Maxwell today after a different subcommittee voted to force that yesterday.