Market reaction to Trump's visit to the Federal Reserve has been more moderate
Internet reports that when U.S. President Trump visited the Federal Reserve headquarters, he expressed the hope that Powell would lower interest rates. Powell, who stood aside, had a blank face. The market's reaction to Trump's visit to the Federal Reserve has been more moderate. The previous decline in initial jobless claims suggested that the job market is stable and does not need support from the Federal Reserve to cut interest rates. Trump's visit contrasts sharply with several other recorded presidential visits to the Federal Reserve. then-U.S. President Roosevelt visited the Federal Reserve in 1937 to inaugurate the newly built headquarters building, one of two Federal Reserve buildings currently under renovation. The most recent time was in 2006, when former U.S. President George Walker Bush went to the Federal Reserve to attend the swearing-in ceremony of Ben Bernanke as chairman of the Federal Reserve.
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