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Marketplace All-in-One

The president's field trip to the Fed

Marketplace All-in-One

Marketplace

News, Business

4.81.3K Ratings

🗓️ 24 July 2025

⏱️ 9 minutes

🧾️ Download transcript

Summary

President Donald Trump is scheduled to visit the Federal Reserve this afternoon. The visit is the latest turn in Trump’s campaign to pressure the Fed to lower interest rates. It's highly unusual for a president to visit the Federal Reserve; most stay away in a nod to Fed independence. And later: Did you remember to send a card? It's the 100th birthday of a research lab to which we owe much of modern life: Bell Labs.

Transcript

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1:01.0

The president's field trip to the Fed. I'm David Brancaccio in Los Angeles. President Trump is going

1:08.2

over to America's central bank today. It's part of his campaign to pressure the Fed to lower interest rates. Marketplaces Nancy Marshall-Gensar has more.

1:16.7

It's highly unusual for a president to visit the Federal Reserve. Most stay away in a nod to Fed independence.

1:23.5

But the president's schedule released last night shows Trump dropping in on the Fed at 4 p.m. Eastern today.

1:30.0

There are no details on whether Trump will meet with Fed Chair Jerome Powell.

1:33.9

But White House Deputy Chief of Staff James Blair said on X that he would be visiting the Fed construction site today.

1:40.7

It's not clear if Trump will be joining the tour.

1:43.5

Trump, Blair, and other administration

1:45.3

officials have criticized Powell for cost overruns on the $2.5 billion renovation of two Fed

1:51.4

buildings. President Trump has publicly mused about firing Powell. Yesterday, the president said

1:57.0

the economy was strong, but people can't buy houses because of high interest rates. He wants a

2:02.4

three-percentage point cut. But the Fed lowers rates to stimulate a weak economy. Cutting them in a

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