Trump<\/a>\u00a0said the project cost $3.1 billion, much higher than the Fed\u2019s $2.5 billion figure, while Powell, standing next to him, silently shook his head, before telling the president that he wasn’t ‘aware of that\u2019, adding: “I haven’t heard that from anybody at the Fed.”<\/p>\nThe president then pulled out a document from his pocket and handed it to Powell to read.<\/p>\n
“This came from us?” Powell said. He then realized that Trump was referring to the renovation of the Martin Building, which had been completed five years prior.<\/p>\n
“Do you expect any more additional cost overruns?” Trump asked, to which Powell replied: “Don\u2019t expect them.”<\/p>\n
Trump said that in his career as a real estate developer, he would have fired someone for cost overruns. The president joked that he would back off Powell if he lowered interest rates.<\/p>\n
Trump said that in his career as a real estate developer, he would have fired someone for cost overruns. The president joked that he would back off Powell if he lowered interest rates.<\/p>\n
Meanwhile, Trump is said to want it to be at just one percent.<\/p>\n","protected":false},"excerpt":{"rendered":"
President Donald Trump publicly scorned Federal Reserve chair Jerome Powell on Thursday for the cost of an extensive building renovation as the two officials began a tour of … <\/p>\n","protected":false},"author":2,"featured_media":31838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-31837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/posts\/31837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31837"}],"version-history":[{"count":1,"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/posts\/31837\/revisions"}],"predecessor-version":[{"id":31839,"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/posts\/31837\/revisions\/31839"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=\/wp\/v2\/media\/31838"}],"wp:attachment":[{"href":"https:\/\/usdailys.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usdailys.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}