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Tense Exchange Between President Trump and Federal Reserve Chairman Jerome Powell

In a rare and somewhat confrontational visit to the Federal Reserve, President Donald Trump engaged in an intense exchange with Fed Chair Jerome Powell over the cost of the central bank's ongoing renovations and, indirectly, over monetary policy.

The Visits and the Controversy Over Costs

During the visit, which drew considerable attention, President Trump expressed frustration about the rising costs associated with the Fed's renovation project. Initially reported to be around $2.5 billion, the costs had escalated to approximately $3.1 billion, prompting the President to question the figures.