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International Business Times
International Business Times
World

Trump To Tour Fed As War On Central Bank Chief Ramps Up

US President Donald Trump and US Federal Reserve Chair Jerome Powell have locked horns over interest rates (Credit: AFP)

Donald Trump is due to visit the US Federal Reserve Thursday as the president escalates his pressure on its chairman Jerome Powell over the central bank's management of the economy.

Trump -- who wants to oust Powell for refusing to lower interest rates but likely lacks the legal authority -- has threatened instead to fire the Fed chief over cost overruns for a renovation of its Washington headquarters.

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