Trump and Federal Reserve chairman Jerome Powell received an uncomfortable collision on the camera during the president’s tour through the FED headquarters.
While President Donald Trump promised to make Washington, “DC” safer and more beautiful, “he also promised to prevent people from having billions to solve a building when there are other problems to solve, referring to the renovation of the Federal Reserve building in Washington, DC, DC
In a social post truth on Sunday, Trump announced that he would keep a press conference on crime and “embellishment” in the press room of the Press of the White House on Monday morning. The event, he noticed, will not only include “crime, murder and death” in the capital of the nation, but will also focus on “cleanliness and the general physical renovation and state of our once beautiful and well -maintained capital”.
“We will not allow people to spend $ 3.1 billion dollars on repairing a building, such as the Federal Reserve, which could have been done for $ 50 to $ 100 million dollars in a much elegant and time -sensitive way,” Trump wrote. “The renovation would have been better and would have saved $ 3 billion dollars, traffic James and never-ending construction.”
The comment was Trump’s last public attack on chairman of the Federal Reserve, Jerome Powell and his leadership at the Central Bank, despite the fact that he appointed him as chairman of the Federal Reserve in 2017.
Four important take -away restaurants of Trump’s visit to the Federal Reserve with Powell
US President Donald Trump points to a document as Federal Reserve chairman Jerome Powell Fact-Controls The figures on it during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, DC, 24 July 2025. (Reuters/Kent Nishimura/File Photo/Reuters)
In a tense moment for the media last month, Trump and Powell did not agree on the estimated costs of the renovation. Trump said the project had an estimated cost of $ 3.1 billion, for which Powell shook his head.
“I am not aware of that,” Powell told the president.
Trump then brought out a document to show Powell, presumably the costs he had mentioned before. The chairman of the Federal Reserve read the document on the spot and said that the song that Trump quoted contained a project that was completed years ago.
The president tried to defend his claim and said that the building in question was ‘part of the general work’.
Powell, however, shot back and said, “It’s not new.”
Trump insists on ‘no tension’ with Powell after meeting despite a difficult collision on camera about renovation costs
Federal Reserve-President Jerome Powell testifies to the Senate Committee for Banking, Housing and Urban Affairs during a hearing to “investigate the half-yearly monetary policy report at the congress” on Captiol Hill on 25 June 2025, D in Washington, D (Kent Nishimura / Getty Images / Getty images)
Trump asked Powell if he expected that there would be “more extra cost overruns” in the renovations and the FED chair said no, but that “we are ready.”
Later in the Tour, Trump called the renovation a “very expensive project” that “got out of hand”, although he added “that happens. It is a pity.”
Trump told reporters in the FED building that it was ‘a pity that it started’, but that he ‘would like to see it that it is ready’.
The end date for the project can be further away than the president hoped earlier, as Powell told reporters that the FED did not expect that renovations would be completed in 2027.
Trump compares talking with Powell with ‘Talking with a chair’ while incorporating his own economic predictions
US President Donald Trump and chairman of the Federal Reserve Jerome Powell speak during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, DC, July 24, 2025. (Reuters / Kent Nishimura / Reuters)
The president also recently called on the chairman to reduce interest rates to stimulate the economy, which Powell refused to do.
Earlier this month, Trump took his truth on the social platform to encourage the Federal Reserve Board of Directors to take the control of Powell if he opposed immediate interest rates.
“Jerome ‘too late’ Powell, a stubborn idiot, must now considerably lower the interest rates,” wrote Trump. “If he continues to refuse, the board must take control and do what everyone knows should be done!”
The Federal Reserve determines its interest rate policy collective via a 12-person panel that is known as the Federal Open Market Committee (FOMC), which votes about those decisions with each member-included Powell-one vote.
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The FOMC is not planned to meet again until 17-18 September, which would leave an unusual emergency meeting as the only road to which policy makers could lower the rates in advance.
