Trump visits Federal Reserve headquarters, repeats Powell criticism
US President Donald Trump has visited the headquarters of the Federal Reserve in Washington. The Fed has long been an independent institution, but Trump has led a campaign to criticize Chair Jerome Powell. He has also questioned the cost of renovations to its headquarters.
Trump took an inspection tour of the construction along with Powell on Thursday. It involves two historic buildings that have been undergoing renovations since 2022. The White House has accused Powell of allowing costs to balloon much higher than originally planned.
Trump and Powell spoke to the press after the tour. Powell took time to correct Trump's claim that the renovation cost has soared to 3.1 billion dollars. He said Trump was adding the cost of another building that was completed five years ago. Trump's visit to the Fed is the first by a sitting president since George W. Bush in 2006. It comes almost a week before Fed officials are set to gather for their next policy meeting.
mitv