Federal Reserve & Political Pressure - The President is visiting the Federal Reserve construction site, likely at 4:00 PM Eastern Time, due to anger over cost overruns [1][2] - The President intends to use the cost overruns at the Federal Reserve headquarters to put political pressure on Chairman J Pal regarding interest rates [6] - The President aims to visually portray the Fed's mismanagement to the public, potentially resonating more than the complexities of the Fed's operations [6] Federal Reserve Headquarters Renovation - The Federal Reserve is undertaking a near-total renovation of its headquarters, including the Eckles building and 1951 Constitution Avenue [3] - Cost overruns are attributed to the historic nature of the buildings, requiring consultation with the National Capital Planning Commission to maintain historical context [3][4] - Renovations include high-tech and low-tech security features, such as blast-resistant glass and construction designed for progressive collapse in case of an explosion [4] - Upgrades are being implemented to meet modern codes, including the Americans with Disabilities Act and environmentally friendly standards [5] - The existing elevator has only been moved by approximately 18 inches (approximately 1.5 feet), despite cost overruns [6]
President Trump set to visit the Federal Reserve
CNBC Televisionยท2025-07-24 18:35