Summary
President Trump visited the construction site of the Federal Reserve's headquarters, which is undergoing a $2.5 billion renovation. During the tour with Federal Reserve Chair Jerome Powell, Trump repeated his request for lower interest rates. Trump also mentioned a higher cost of $3.1 billion, which Powell clarified included additional work from a nearby completed building.
Key Facts
- President Trump toured the Federal Reserve's ongoing headquarters renovation.
- The project is initially reported to cost $2.5 billion.
- Trump suggested the renovation cost is $3.1 billion, but Powell stated the higher figure includes another building.
- Trump repeated his desire for lower interest rates from the Federal Reserve.
- Jerome Powell, the Federal Reserve Chair, accompanied Trump on the tour.
- Both Trump and Powell wore construction helmets during the visit.
- The renovation involves the historic Marriner S. Eccles building from the 1930s.
- Critics claim there are cost overruns and project changes without federal review.
