July 25, 2025

President Donald Trump and Federal Reserve Chairman Jerome Powell clashed in a public disagreement over the cost of renovating the Federal Reserve building. During a news conference, Trump criticized the renovation expenses, to which Powell responded by stating that the proposed upgrades were not a new development. The heated exchange underscored the existing tensions between the two leaders, with Trump voicing concerns over the project's financial implications and Powell defending the necessity of the renovations for security and operational reasons. The incident further exemplifies the strained relationship between the White House and the Federal Reserve, as Trump continues to assert his skepticism towards the institution's policies and actions.

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Tags: Trump, Powell, Fed building renovations,