President Donald Trump publicly clashed with Federal Reserve Chair Jerome Powell during a rare visit to the Fed's headquarters, focusing on the soaring $2.5 billion cost of its ongoing renovation. The visit, marked by tense exchanges and live fact-checks, highlighted Trump's broader campaign to pressure Powell over interest rates and fiscal policy. Trump criticized the renovation as wasteful, while Powell defended the project as necessary modernization of historic buildings. Despite renewed threats, Trump ultimately backed off calls to fire Powell, though the feud underscores ongoing tensions between the White House and the central bank. The spectacle has raised questions about the independence of the Fed and the political motivations behind the scrutiny of its spending.
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