President Trump's trip to the Federal Reserve marks just the fourth time a president has visited the Fed, which operates as an independent agency.

President Donald Trump will join a tour of the Federal Reserve building in Washington, DC, on Thursday afternoon, a sharp escalation in his pressure campaign on the body’s chairman Jerome Powell over the central bank’s renovation project and interest-rate policy.

In June, the ECB lowered its key deposit rate in for an the eighth consecutive quarter-point reduction. President Donald Trump thinks the Fed should follow suit.

President Donald Trump’s pressure campaign on Federal Reserve Chair Jerome Powell will intensify on Thursday, with administration officials set to visit central bank headquarters as part of a probe into the ballooning price tag of its renovation.

Filed in the U.S. District Court for the District of Columbia, Azoria Capital's lawsuit claims that the bank's closed-door meetings violate the Government in the Sunshine Act of 1976.

Commerce Secretary Howard Lutnick said the Federal Reserve should lower interest rates and that Fed Chair Jerome Powell "has got to go." Lutnick echoed President Donald Trump's thoughts on the need to slash interest rates in an interview with Fox News.

The White House is casting a wider net in its search for a replacement for Federal Reserve Chair Jerome Powell than is commonly thought, according to Treasury Secretary Scott Bessent.