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Trump directly asked Powell to cut interest rates.
[Trump directly asked Powell to cut interest rates] U.S. President Trump, during his visit to the Fed headquarters, was interviewed by the media alongside Fed Chairman Powell. In response to how he would retract his criticism of Powell, Trump stated that he hopes Powell will cut interest rates and will follow the committee’s interest rate decisions. Trump also mentioned that generally speaking, he would fire a project manager who is over budget. While Trump cited data regarding the Fed headquarters renovation budget, Powell continuously shook his head beside him, and Trump mockingly remarked that the building renovation is a daunting task.