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Fortune
Fortune
Eleanor Pringle

Presidential visits to the Fed in the past have been endorsements of its independence—Trump's visit today? Not so much

US Federal Reserve Donald Trump Jerome Powell George W Bush Ben Bernanke Ben S Bernanke Ford Russel Vought the Federal Reserve the Oval Office
President George W. Bush (L) looks on as Ben Bernanke (R) speaks after he was sworn in as the 14th Federal Reserve Chairman at the Federal Reserve in Washington, DC, 06 February 2006. (Credit: JIM WATSON—AFP/Getty Images)
  • Analysis: Donald Trump is set to make a rare presidential visit to the Federal Reserve—only the fourth in U.S. history—amid escalating criticism of Jerome Powell’s leadership and spending on the central bank’s D.C. headquarters. While previous visits symbolized respect for Fed independence, Trump’s stop comes after repeated attacks on interest rate policy and a public clash over renovation costs, raising fresh concerns about political pressure on the central bank.

Donald Trump is taking his battle with Jerome Powell to the doorstep of the Federal Reserve. Literally.

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