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US Politics · United StatesFederal Reserve Chairman Jerome Powell pushed back on President Trump’s cost estimate of renovations at the central bank’s headquarters during a tour of the site on Thursday. “It looks like it’s about $3.1 billion. Went up a little bit, or a lot,” Trump said, asserting the cost of the renovation had increased from the previously estimated $2.5 billion. Powell, standing next to Trump as he addressed reporters, shook his head. “I’m not aware of that, Mr. President,” Powell said. “I haven’t heard that from anybody at the Fed.”See the Story
Trump, Powell Clash as President Visits Federal Reserve
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