President Trump criticized Jerome Powell, Chairman of the Federal Reserve, for the costly renovations of the Fed building. He claimed the renovations are extravagant, saying it feels like Powell is building a palace for himself. Trump suggested that he would remove Powell if it did not disturb the market. He also highlighted that the ongoing renovations are significantly over budget by hundreds of millions of dollars. Despite his criticisms, Trump claimed the economy remains strong despite high Fed rates.
President Trump expressed his frustration over the Federal Reserve's expensive renovations, claiming they are excessive, likening the project to building a palace for Jerome Powell, who he implied would not remain in his position long.
Trump stated, "I would remove him in a heartbeat, but they say it would disturb the market," indicating his dissatisfaction with Powell's leadership.
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