President Donald Trump is visiting the Federal Reserve headquarters, a week after indicating that Fed chair Jerome Powell's handling of a renovation project could be grounds for firing.

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

The bank’s governing council announced on Thursday at its headquarters in Frankfurt that it would leave its benchmark deposit rate at 2%.

Jerome Powell's leadership approach at the Federal Reserve focuses on calmness, consensus-building, and flexibility, said experts.