
WASHINGTON (AP) — As president, Donald Trump doesn’t get a lot of pushback, but he got some Thursday from Federal Reserve Chairman Jerome Powell about the renovation costs of the Fed’s headquarters. Standing in the plywood-sheathed building, Trump claimed the project was over budget at $3.1 billion. Powell disagreed, saying Trump’s number was including a building renovated five years ago and the real number was $2.5 billion. The exchange followed months of criticism by Trump of Powell’s decisions as Fed chair and an accompanying pressure campaign to get the central bank head to step down.
(Copyright 2025 The Associated Press. All Rights Reserved.)