Fed Chair Powell Argue Cost: I’m not aware, Trump receipts; Blair: THEIR numbers from THEIR forms
Fed Chair Powell Argue Cost: I’m not aware, Trump receipts; Blair: THEIR numbers from THEIR forms
POTUS Trump to Fed Chair Jerome Powell on the exorbitant cost overruns of their palace-like HQ renovation: “It looks like it’s about $3.1 billion. It went up a little bit — or a lot.”
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President Trump called Powell out for going more than one billion over budget. “The 2.7 is now 3.1 [billion],” Trump said.
Powell nodded in disagreement and interrupted, saying, “I’m not aware of that,” and Trump pulled out the receipts with a document from the Fed. Senator Scott further confirmed that he’s estimating 3.1 or 3.2 billion dollars.
Powell then tried to argue with Trump and say he’s wrong because Trump included a building that was “part of the overall” renovation, said Trump.
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Powell said he does not expect additional cost overruns, but “we’re ready for them,” and “we have a little bit of a reserve that we may use.”
“We expect to be finished in 2027,” he added.
Deputy Chief of Staff James Blair cooks Fake News CNN’s Kaitlan Collins over the exorbitant cost of the Fed renovation: “I don’t know what you’re saying … The President was citing THEIR numbers from THEIR forms that THEY have published.”
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POTUS Trump has arrived at the Federal Reserve
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Fed Chair Powell Argue Cost: I’m not aware, Trump pulled out receipts; Blair: THEIR numbers from THEIR forms
Key Points
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POTUS Trump to Fed Chair Jerome Powell on the exorbitant cost overruns of their palace-like HQ renovation: “It looks like it’s about $3
- It went up a little bit — or a lot
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- com/reel/1249919493250825
President Trump called Powell out for going more than one billion over budget