President and Fed chair disagree on renovation cost as Trump visits central bank’s historic headquarters in Washington, DC
Donald Trump just attempted to ambush Jerome Powell, the Federal Reserve chair, during his site visit to inspect the renovation of the central bank’s historic headquarters in Washington.
When Trump paused before reporters to make a statement, he beckoned Powell over to stand next to him on camera. The president then claimed that the total cost of the renovations to the Federal Reserve buildings was $3.1bn, a higher figure than had previously been reported.
As Trump made this claim, Powell nodded his head no, to signal his disagreement.
“I’m not aware of that,” Powell said. “I haven’t heard that from anybody at the Fed.”
