Trump's visit to the Federal Reserve highlighted ongoing renovations that have escalated from $1.9 billion to a disputed $3.1 billion. During the visit, Trump and Fed Chair Powell disagreed on the project costs, with Powell clarifying that a figure Trump cited referred to a different building. The president expressed concern over the lengthy construction and urged for completion while also seeking lower interest rates from the Fed, marking the first presidential visit to the central bank in over a decade.
Trump visited the Federal Reserve to inspect a renovation of its buildings, claiming the project costs have risen from $1.9 billion to $3.1 billion, which Fed Chair Powell disputed. Powell clarified that Trump's figure pertained to a separate building completed five years ago.
During the visit, Trump attempted to pressure the Fed for lower interest rates, stating, 'Well, I'd love him to lower interest rates, but other than that, what can I tell you?' This remark drew a chuckle from Powell.
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