President Trump's visit to the Fed is the latest development in his long-running fight with Fed Chair Powell that has focused on interest rates

In an unusual visit to the Federal Reserve, President Donald Trump once again said that interest rate cuts were needed and firing Chair Jerome Powell wasn't "necessary."

The average rate on 30-year fixed home loans registered 6.74% for the week ending July 24, barely down from 6.75% last week.

The U.S. Federal Reserve's independence is under threat from mounting political interference, according to a clear majority of economists polled by Reuters, although no one expects a July interest rate cut despite a recent divergence in views among policymakers.

The Federal Reserve got a new legal headache Thursday when a money manager sued Chair Jerome Powell and other central bank policymakers in a Washington, D.C. federal court, arguing policy meetings should no longer be held behind closed doors.

The European Central Bank will likely hold off on making another interest rate cut Thursday, choosing to wait until it can measure the size of any economic blow from higher U.S. tariffs. The ECB has already cut rates eight times since June of last year and President Christine Lagarde said after the last policy meeting