Trump, Powell Clash Over $3 Billion Federal Reserve Renovations In Front Of Reporters
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President Trump and Federal Reserve Chairman Jerome Powell publicly clashed over the $3.1 billion renovation costs at the Fed's headquarters. Trump criticized the expenses, while Powell clarified that Trump included costs from a previous building. Despite earlier threats to dismiss Powell, Trump stated it was unnecessary. The disagreement highlights Trump's ongoing pressure on Powell to lower interest rates, which he believes would save the country money. After the visit, Trump adopted a more conciliatory tone, acknowledging the renovation's challenges but expressing confidence in the U.S. economy's ability to manage the costs.
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