Fed, Trump and Powell
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2don MSN
Trump and Powell bicker over Fed building renovations as president ratchets up pressure campaign
After months of criticizing Federal Reserve Chair Jerome Powell, President Donald Trump took the fight to the Fed’s front door on Thursday, publicly scorning the central bank chief over the ballooning costs of a long-planned building project.
The long-simmering clash between President Donald Trump and Federal Reserve Chair Jerome Powell was on full public display during a Thursday afternoon tour of the renovation site at the central bank’s headquarters in Washington,
Trump lambasted the Fed for its $2.5 billion renovation of its headquarters and another building ahead of a tour of the site.
It was not a flattering moment for a president who routinely makes up figures but who is rarely fact-checked by his appointees on camera.
The director of the Federal Housing Finance Agency has made the removal of the Fed chair his personal mission.
President Donald Trump said on Friday he had a good meeting with Federal Reserve Chair Jerome Powell and got the impression that the head of the U.S. central bank might be ready to lower interest rates.
President Trump is again clashing with Fed Chairman Jerome Powell in a face-to-face argument about interest rates and a hugely expensive renovation project at the Fed Headquarters.
President Donald Trump on Thursday visited the Federal Reserve building to tour its renovations as he pushes the agency to cut interest rates. Trump was joined by Federal Reserve Chairman Jerome Powell and stood in the middle of the ongoing renovations during a press conference.