[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Benzinga [@Benzinga](/creator/twitter/Benzinga) on x 307.1K followers Created: 2025-07-24 16:01:14 UTC Donald Trump will visit the Federal Reserve this week, marking the first official presidential trip to the central bank in nearly XX years. The move is widely seen as a symbolic challenge to the Fed’s independence and its chairman, Jerome Powell. Trump has repeatedly criticized Powell for refusing to cut interest rates. He has even floated the idea of firing him, though legal experts question whether that would be allowed. The visit raises the stakes for Powell, who has pushed back against Trump’s pressure. He has stated that his removal would not be legal under current law. Trump’s comments suggest he sees Powell as ineffective and believes he won’t be in the role much longer. At a White House event this week, he said Powell would be “out pretty soon anyway.” Economists and former Fed chairs have expressed concern about this political pressure. Ben Bernanke and Janet Yellen have warned that interfering with the Fed could damage its credibility and long-term effectiveness. Despite the tension, some analysts believe the Fed’s current interest rate policy is appropriate. They point out that U.S. rates are still competitive with other leading economies and reflect broader economic realities rather than political influence.  XXXXX engagements  **Related Topics** [rates](/topic/rates) [jerome powell](/topic/jerome-powell) [federal reserve](/topic/federal-reserve) [donald trump](/topic/donald-trump) [Post Link](https://x.com/Benzinga/status/1948413172265726080)
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Benzinga @Benzinga on x 307.1K followers
Created: 2025-07-24 16:01:14 UTC
Donald Trump will visit the Federal Reserve this week, marking the first official presidential trip to the central bank in nearly XX years. The move is widely seen as a symbolic challenge to the Fed’s independence and its chairman, Jerome Powell.
Trump has repeatedly criticized Powell for refusing to cut interest rates. He has even floated the idea of firing him, though legal experts question whether that would be allowed.
The visit raises the stakes for Powell, who has pushed back against Trump’s pressure. He has stated that his removal would not be legal under current law.
Trump’s comments suggest he sees Powell as ineffective and believes he won’t be in the role much longer. At a White House event this week, he said Powell would be “out pretty soon anyway.”
Economists and former Fed chairs have expressed concern about this political pressure. Ben Bernanke and Janet Yellen have warned that interfering with the Fed could damage its credibility and long-term effectiveness.
Despite the tension, some analysts believe the Fed’s current interest rate policy is appropriate. They point out that U.S. rates are still competitive with other leading economies and reflect broader economic realities rather than political influence.
XXXXX engagements
Related Topics rates jerome powell federal reserve donald trump