In a move intensifying the ongoing feud between former President Donald Trump and Federal Reserve Chairman Jerome Powell, Trump is set to visit the Federal Reserve headquarters amid controversy over a $2.5 billion renovation project. With his visit, Trump aims to ramp up pressure on Powell and highlight the cost increase associated with the renovation, which has become a focal point of scrutiny from the Trump administration. As Trump tours the construction site, the White House continues to inspect the project, leading many to speculate about the implications for Fed independence and monetary policy discussions.