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President Donald Trump’s highly anticipated visit to the Federal Reserve on Thursday included an attention-grabbing back-and-forth with Chairman Jerome Powell. It was a sight to behold: Trump and Powell wore white hard hats as they toured an area of the central bank under construction — a project that has been a talking point of the president’s as he’s criticized Powell. As Trump told reporters that renovations of two buildings were costing around $3.1 billion, Powell began shaking his head. Powell said he had not heard that from anyone at the Fed and, after being handed a sheet of paper, explained that the figure included another building’s work from years prior. On a friendlier note, Trump insinuated he was leaving behind the idea of firing Powell, a possibility that’s concerned investors in recent months. CNBC’s Kevin Breuninger laid out the entire scene, which marked the first official visit of a president to the Fed in nearly two decades.
It’s been a nice week for investors in S&P 500
-based funds like the VOO
