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Powell Corrects Trump on Cost of Fed Renovations
During a tour of the Federal Reserve’s headquarters, President Trump debated with Jerome H. Powell, the Fed chair, over the cost of renovations to the central bank’s headquarters.
“It looks like it’s about $3.1 billion. It went up a little bit — or a lot. So the $2.7 is now $3.1, and —” “I’m not aware of that.” “Yeah, it just came out.” “Yeah, I haven’t heard that from anybody at the Fed.” “Yeah it just came out.” “About $3.1 as well.” “This came from us?” “Yes ,I don’t know who does that.” “You’re including the Martin renovation — you just added, you just added in a third building is what that is. That’s a third building.” “But it’s a building that’s being built.” “No, it’s been — it was built five years ago.” Reporter: “Are there things the chairman can say to you today that would make you back off some of the earlier criticism?” “Well, I’d love him to lower interest rates, but other than that, what can I tell you? I thought we had a good meeting. I really did. No, there was no tension. I see a very luxurious situation taking place. Let’s put it that way. There’s always Monday-morning quarterbacks. I don’t want to be that. I want to help them get it finished. It’s been going on for years. And I want to help them get it finished.”
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