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.

U.S. President Donald Trump, a robust critic of Federal Reserve Chair Jerome Powell, will visit the central bank on Thursday, the White House said, a surprise move that escalates tension between the administration and the Fed.

President Trump and his top aides have criticized Jerome H. Powell, the Fed chair, for his management of both the economy and a $2.5 billion revamp of the central bank’s headquarters.