US President Donald Trump points to a cost sheet as he speaks with Federal Reserve chair Jerome Powell as he visits the Federal Reserve in Washington, DC, on July 24, 2025. Trump arrived for a tour of the US Federal Reserve as the president escalates 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 to fire the Fed chief over cost overruns for a renovation of its Washington headquarters.
Source: Trump’s history of threats to sue and replace Fed Chair Jerome Powell
