US EditionTrump, Powell Clash as President Visits Federal Reserve
UNITED STATES, JUL 25 – President Trump challenged Federal Reserve Chair Jerome Powell on the $2.5 billion renovation's rising costs, citing security upgrades and tariffs as key factors behind the overruns.
- During a visit to the Fed headquarters on Thursday, President Donald Trump publicly scorned Federal Reserve Chair Jerome Powell over the $2.5 billion renovation costs.
- According to Fed staff, security requirements, rising materials costs and tariffs, and historic preservation measures drove up the project costs.
- During the exchange, Trump claimed a $3.1 billion overrun, while Powell countered that Trump included an extra building renovated five years ago.
- Following the visit, Trump pressed for completion and aggressive rate cuts.
- Future outlook shows completion in 2027, according to Powell, as the Fed remains patient to assess tariffs' impact on inflation.
115 Articles
115 Articles
Trump, Fed Chair Powell argue on live TV over renovation costs
An argument on Friday broke out between US President Donald Trump and Federal Reserve Chairperson Jerome Powell on live TV after the former questioned the latter over the renovation costs of the Fed's headquarters in Washington, DC. Trump arrived at the Fed's headquarters earlier in the day, making him the first the US President to visit the Federal Reserve. "So, we are taking a look. It looks like it's about USD 3.1 billion (the renovation bud…
SITREP: The Fed Is Rotten ,and Trump Knows It - Stephen K Bannon's War Room
There’s a storm brewing at Constitution Avenue, and it’s not just bad economics , it’s a full-on institutional rot. That’s the big takeaway from a fiery Friday WarRoom conversation between Steve Bannon and David Malpass-former president of the World Bank, as they dug into the Federal Reserve’s massive bloat, bad models, and its role in stifling American prosperity. With President Donald Trump back in office and laser-focused on rebuilding the Am…
USA: Trump shares awkward exchange with Fed chair Powell
🏗️ On July 24, President Donald Trump did a public tour of a renovation project at the Federal Reserve building, in Washington. During the visit, Trump and Fed chief Jerome Powell had a tense exchange. 💰 The central banker vigorously shook his head in disagreement when Trump put forward a $3.1 billion figure for the cost of the work, instead of $2.7 billion. 💥 Relations between the two men have been tense since Trump's return to the White Ho…
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In the central bank's building under renovation, they started arguing about how much the renovation project would cost.
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- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
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