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President Donald Trump and Federal Reserve Chairman Jerome Powell sparred face-to-face over the cost of renovations of the central bank’s Washington headquarters, with the Fed leader saying the president was wrong about the cost of the overhaul.
Trump, standing shoulder to shoulder with Powell Thursday as both wore construction helmets, said Fed renovation costs had jumped from $2.7 billion to $3.1 billion, causing the Fed chief to say “I’m not aware of that.”
Trump replied, “It just came out” and Powell again questioned where the president’s number had come from, as it had not come from the central bank.
Powell then noted it appeared the president had included in the current cost of fixing up two buildings what it cost to overhaul another central bank office.
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Author: Faith Novak
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