President Trump and Federal Reserve Chair Jerome Powell engaged in a public disagreement concerning the costs associated with renovations at the Fed's headquarters. Trump claimed that costs had escalated from 2.7 billion to 3.1 billion, while Powell expressed that he was unaware of such figures. Tensions between the two have been evident, with Trump criticizing Powell's performance and his inclination to maintain interest rates. This awkward interaction showcased differing understandings about the renovation details, with both parties providing contrasting perspectives on the expenses.
Trump criticized Chair Powell by saying, "he is doing a lousy job," and referred to his potential replacement as being someone who would be "good," outlining his dissatisfaction with Powell's performance.
During the renovation tour, Trump mentioned, "it's about 3.1 billion. It went up a little bit or a lot so the 2.7 is now 3.1," discussing the escalating cost of Fed renovations.
When asked about the Fed’s renovation cost, Powell responded, "I'm not aware of that," indicating a gap in communication regarding the reported expenses.
The exchange highlighted a fundamental misunderstanding between Trump and Powell, as Trump stated, "This came from us?" and Powell replied, "No, it's been-, it was built five years ago."
Collection
[
|
...
]