Part 6/8:
However, beneath the optimistic tone lay unmistakable frustration. Trump repeatedly urged the Fed to lower interest rates, criticizing the central bank's cautious stance. He publicly blamed the Fed, particularly Chairman Jerome Powell—whom he notoriously nicknamed "Pal"—for delays, especially concerning the massive $2.5 billion renovation bill associated with federal infrastructure. Trump claimed that the bill's cost overruns had been a major source of frustration, but the Fed was holding steady while the economy still prospered.