Watch: Trump jokes he wants Powell to lower interest rates in awkward exchange
Summary
President Donald Trump and Federal Reserve Chair Jerome Powell had a public disagreement during a tour of a Federal Reserve renovation project. This was their first public meeting since Trump criticized Powell and the Federal Reserve for not lowering interest rates.Key Facts
- Trump and Powell toured the Federal Reserve's $2.5 billion renovation project.
- They disagreed publicly about the project's timeline and cost.
- This was their first public meeting since Trump's criticism of Powell.
- Trump has been pressing the Federal Reserve to lower interest rates.
- This marks the first visit by a sitting president to the Fed since 2006.
- Former President George W. Bush previously visited for a chairman's swearing-in.
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