Summary
President Donald Trump criticized Federal Reserve Chair Jerome Powell for the high cost of a building renovation. Trump claimed the project cost $3.1 billion, while the Fed reported it at $2.5 billion. During their tour, they discussed these differences and potential cost overruns.
Key Facts
- President Trump criticized Federal Reserve Chair Jerome Powell about the renovation costs.
- Trump said the project cost $3.1 billion, compared to the Federal Reserve's stated cost of $2.5 billion.
- Powell shook his head when Trump mentioned the higher figure.
- The disagreement included costs from a previously completed renovation.
- Trump asked Powell if there would be more cost overruns, and Powell replied there should not be.
- Trump joked he would be less critical of Powell if interest rates were lowered.
