Trump on palace-like renovations, very luxurious; Sen Scott: lower interest rates; Bessent: $100B

POTUS Trump on the palace-like renovations and cost overruns at the Fed: “Well, I see a very luxurious situation taking place … There’s always Monday morning quarterbacks. I don’t want to be that. I want to help them get it finished. It’s been going on for years.”

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Senator Tim Scott: “Americans deserve to become first-time homebuyers. POTUS Trump has created the best economy in the world. The one thing that would make it better is lower interest rates.”

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Sec Scott Bessent on the Fed: “I don’t really understand what’s going on with the size, the scope, the cost of the building renovations. One can ask, was it a good idea to start the renovations for an enterprise that’s losing $100B a year?”

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U.S. Director of Federal Housing Pulte: “The President runs Fannie Mae and Freddie Mac. In his first term, people were able to buy a mortgage for 3%. These days, after Biden’s inflation and what happened with rates, now you’re looking at 7% mortgages — so this is of great concern to the President.”

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Trump on palace-like renovations, very luxurious; Sen Scott: lower interest rates; Bessent: losing $100B a year?

Key Points

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POTUS Trump on the palace-like renovations and cost overruns at the Fed: “Well, I see a very luxurious situation taking place

• There’s always Monday morning quarterbacks
• I want to help them get it finished
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