US-POLITICS-FED-TRUMP

US President Donald Trump points to a cost sheet as he speaks with Federal Reserve chair Jerome Powell (R) 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. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)