President Donald Trump said on Friday he had a good meeting with Federal Reserve Chair Jerome Powell and got the impression that the head of the U.S. central bank might be ready to lower interest rates.

The president wanted to take Jerome Powell, the Fed chair, to task over the cost of renovations to the central bank’s headquarters, but Mr. Powell was having none of it.

The Fed’s decision on interest rates affects many types of consumer borrowing costs, from credit cards and mortgages to auto loans.

President Donald Trump said on Friday he had a good meeting with Federal Reserve Chair Jerome Powell and got the impression that the head of the U.S. central bank might be ready to lower interest rates.

President Trump visited the Federal Reserve with Chair Jerome Powell and Sen. Tim Scott amid weeks of claims that the Fed’s renovation costs were fraudulently inflated. But during the tour, Powell corrected Trump’s $3.

Trump will visit the headquarters of the Federal Reserve today, the White House said. The unusual visit comes as the president has tried to pressure Chair Jerome Powell to lower interest rates and amid criticism by him and top administration officials over the cost of renovations to the building.

Before Paul Volcker became an all-powerful Fed Chief in 1979, the agency frequently deferred to the White House.

WSJ’s Meridith McGraw breaks down the awkward exchange between President Trump and Fed Chair Jerome Powell, following weeks of Trump steadily badgering the Fed leader.