A rare and highly publicized visit by President Trump to the Federal Reserve headquarters sparked a tense and awkward exchange with Fed Chair Jerome Powell over the ballooning $2.5 billion renovation costs. Trump, who has repeatedly pressured Powell to lower interest rates, used the renovation's price tag as a new line of attack, questioning Powell's management and the project's necessity. Powell pushed back, fact-checking Trump's claims about the costs and defending the project's scope and approval process. The spat highlights ongoing friction between the White House and the independent central bank, raising concerns about the Fed's autonomy and the potential economic fallout if Trump escalates his campaign against Powell. Despite the heated exchanges, Trump indicated he would not fire Powell, at least for now.
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