Fed, Trump and Powell
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President Donald Trump used a rare visit to the Federal Reserve on Thursday to renew his pressure on Fed Chair Jerome Powell, telling reporters that costs to renovate the Fed’s buildings were exorbitant. Powell shook his head at times during the president’s remarks.
It was not a flattering moment for a president who routinely makes up figures but who is rarely fact-checked by his appointees on camera.
Eyes were closed, heads were shaking and backs were slapped. The nonverbal cues at the president's visit to the Federal Reserve are worth another look.
Rather than owning up to the insult he hurled at the Fed chair just last week, the president slunk away without a word.
Trump is fed up with Powell, but experts say Americans seeking cheaper interest rates and lower prices shouldn’t be rooting for the Fed chair to be forced into an early exit.