President Donald Trump and Federal Reserve Chairman Jerome Powell went back and forth in front of the press Thursday over Trump’s claims about cost overruns at the Fed headquarters in Washington.
The stunning side-by-side took place as Trump began a rare tour of the Fed building, in what was widely seen as the latest chapter in his pressure campaign to get Powell to lower interest rates or resign as the central bank chairman.
But Trump also suggested that he was abandoning any consideration of firing Powell, despite floating that unprecedented and legally contested idea earlier this month.
VIDEO 07:26 - Pres. Trump and Fed Chair Jerome Powell speak to reporters, disagree over renovation figures
“To do that is a big move, and I just don’t think it’s necessary,” Trump told reporters after his brief spat with Powell.
“I believe that he’s going to do the right thing,” Trump added.
The president visited a construction area at the Fed where costly yearslong renovations of two historic Fed buildings are taking place. The renovations have recently become the focus of Trump’s criticism of Powell.
Shortly after his arrival, Trump and Powell were seen touring the site together, both wearing white hard hats.
Disclaimer
The information contained in South Florida Reporter is for general information purposes only.
The South Florida Reporter assumes no responsibility for errors or omissions in the contents of the Service.
In no event shall the South Florida Reporter be liable for any special, direct, indirect, consequential, or incidental damages or any damages whatsoever, whether in an action of contract, negligence or other tort, arising out of or in connection with the use of the Service or the contents of the Service. The Company reserves the right to make additions, deletions, or modifications to the contents of the Service at any time without prior notice.
The Company does not warrant that the Service is free of viruses or other harmful components
This article originally appeared here and was republished with permission.
