The White House on Sunday demanded “dramatically lower” interest rates as it raised pressure on US Federal Reserve chair Jay Powell for a substantial cut ahead of a key meeting of its rate-setting committee next week.

Hours after President Donald Trump appeared to take the temperature down with Fed Chair Jerome Powell, the White House resumed its attacks on the central bank chief and its headquarters renovation

U.S. President Donald Trump will visit the Federal Reserve's headquarters in Washington on Thursday as tensions escalate between the administration and the independent overseer of the nation's monetary policy.