Trump, Powell and Fed
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Donald Trump appears to have made his peace with the costly renovation of the Federal Reserve, hours after being embarrassed when he was fact-checked in real time by one of his main foes. Trump already appeared dismayed by the cost of the project before arriving,
President Donald Trump visited the Federal Reserve headquarters in Washington Thursday, where he publicly scorned Fed chairman Jerome Powell over the costs of a long-planned, roughly $2.5 billion renovation project.
President Trump and Federal Reserve Chair Jerome Powell had a disagreement almost immediately as the two men set foot in the Fed's headquarters in Washington on Thursday to survey an extensive renovation project on two of the reserve's buildings.
As Pres. Trump ramps up his pressure campaign against Fed Chairman Jerome Powell, Trump made a rare visit to the Federal Reserve’s building to challenge Powell on its multi-billion dollar renovation.
Trump will visit the headquarters of the Federal Reserve today, the White House said. The unusual visit comes as the president has tried to pressure Chair Jerome Powell to lower interest rates and amid criticism by him and top administration officials over the cost of renovations to the building.
Before Paul Volcker became an all-powerful Fed Chief in 1979, the agency frequently deferred to the White House.
Ryan Routh, the man accused of trying to assassinate President Donald Trump at his Florida golf course last year, can represent himself in his trial, judge rules.
The denial walks back statements from both himself and his press secretary amid an ongoing rift between the former allies.