Trump clashed with Fed Chair Jerome Powell during a visit to the headquarters, blasting the USD 3.1 billion renovation cost and hinting Powell could ease pressure by cutting interest rates.

President Donald Trump used a rare visit to the Federal Reserve on Thursday to renew his pressure on Fed Chair Jerome Powell, telling reporters that costs to renovate the Fed’s buildings were exorbitant. Powell shook his head at times during the president’s remarks.

The long-simmering clash between President Donald Trump and Federal Reserve Chair Jerome Powell was on full public display during a Thursday afternoon tour of the renovation site at the central bank’s headquarters in Washington,