Trump's Fed Visit: A Clash of Policies and Politics

President Donald Trump plans to visit the Federal Reserve headquarters in Washington on Thursday, setting the stage for a potential showdown over the nation's monetary policy. The White House confirmed the visit late Wednesday, signaling further pressure on Fed Chair Jerome Powell to lower interest rates.

Trump's visit comes as his administration confronts political blowback over handling Epstein-related documents and criticizes the Fed for costly renovations. Tensions have escalated in recent weeks, with Trump publicly lambasting Powell's performance and hinting at drastic changes within the financial institution.

Meanwhile, Treasury Secretary Scott Bessent has called for a comprehensive review of Fed operations amid accusations of fiscal mismanagement. Wall Street's response has been measured, with modest movements in treasury yields and stock prices as investors anticipate the outcome of Trump's high-stakes visit to the central bank.

(With inputs from agencies.)