Trump pushes Powell on rates and renovation costs during Fed visit

During a visit to the Federal Reserve, President Trump criticized the cost of its renovation project and renewed his call for lower interest rates. The exchange grew tense when Fed Chair Jerome Powell corrected Trump’s claim about a $3.1 billion overrun, noting the building in question had already been completed.

Jul 25, 2025 - 01:03
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Trump pushes Powell on rates and renovation costs during Fed visit
During a visit to the Federal Reserve, President Trump criticized the cost of its renovation project and renewed his call for lower interest rates. The exchange grew tense when Fed Chair Jerome Powell corrected Trump’s claim about a $3.1 billion overrun, noting the building in question had already been completed.

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