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Recently, President Trump made a rare visit to the Fed headquarters. This visit attracted widespread follow because it was the first time a U.S. president officially inspected the Fed headquarters.
During the visit to the Fed building, Trump seemed quite interested in its interior decoration. After this visit, it was noticed that the atmosphere of interaction between Trump and Fed Chairman Powell had improved. The relationship between the two has been closely watched, as Trump has publicly criticized the Fed's monetary policy multiple times.
Interestingly, in the conversation with Powell, Trump also half-jokingly mentioned his real estate background. He implied that his company also has the capability to undertake renovation projects similar to those of the Fed. This light-hearted dialogue may reflect a certain easing of the relationship between the two.
However, Trump has not forgotten his longstanding core demand of the Fed – interest rate cuts. He cleverly linked interest rate cuts with renovation discounts, showcasing his unique negotiation style.
Whether this visit will affect the independence of the Fed and whether it will influence future monetary policy decisions remains the focus of external attention. In any case, this rare presidential visit undoubtedly adds a new chapter to the relationship between the Fed and the White House.