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The president wanted to take Jerome Powell, the Fed chair, to task over the cost of renovations to the central bank’s headquarters, but Mr. Powell was having none of it.
By Andrew Ross SorkinBernhard WarnerSarah KesslerMichael J. de la MercedDanielle Kaye and Vivienne Walt
Andrew here. Watching Jay Powell grimace as he stood next to President Trump on Thursday was quite the sight. Trump’s effort to embarrass the Fed chair about the central bank’s renovations budget — as a way to pressure him to lower interest rates — was most likely ineffective.
