Trump, Powell Clash Over Fed Renovation Costs
Trump, Powell Clash Over Fed Renovation Costs

Trump, Powell Clash Over Fed Renovation Costs

News summary

President Donald Trump and Federal Reserve Chair Jerome Powell publicly clashed over the costs of the Fed's Washington headquarters renovation in a live broadcast. Trump claimed expenses had soared to $3.1 billion, but Powell disputed this, noting Trump's figure included unrelated past projects. Trump used the confrontation to criticize both the renovation overruns and Powell's resistance to lowering interest rates, suggesting such overruns would be a 'fireable offense' in business. Despite the heated exchange, Trump later downplayed any personal tension. Powell has since requested an inspector general investigation into the renovations, while the Fed asserts its cost transparency. The dispute comes as the Fed prepares for its next policy meeting, where rates are expected to remain unchanged.

Story Coverage
Bias Distribution
57% Left
Information Sources
bfb2a97b-336e-48d9-b69a-147df7862dc27d392afd-d4f4-486d-9bb9-fb451611397ddaae85f0-2883-42fc-b085-888140adf30d71639883-fbbd-48af-8cc3-393f63e7b2ef
+3
Left 57%
Center 29%
R
Coverage Details
Total News Sources
8
Left
4
Center
2
Right
1
Unrated
1
Last Updated
48 min ago
Bias Distribution
57% Left
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