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Trump, Powell ARGUE Over Renovation Cost, But Fed Chair WON'T Be Fired | TRENDING
Posted
July 25, 2025
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1,952
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July 25, 2025
1,952
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2.46%
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5:15Now PlayingPresident Trump visited the Federal Reserve headquarters July 24 with Chair Jerome Powell to tour a major renovation. Trump has criticized the project as being over budget.
During the tour, Powell pushed back on a cost estimate from the president.
“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 shook his head.
“I’m not aware of that, Mr. President,” the Fed chair said. “I haven’t heard that from anybody at the Fed.”
After touring the construction site, Trump was asked if he believed the project is a fireable offense. Trump said it was not, seemingly backing off the central bank leader.
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