US President Donald Trump and Federal Reserve Chair Jerome Powell exchanged frosty phrases throughout their public tour of the Federal Reserve’s $2.5 billion renovation challenge. The pair met reporters and disagreed concerning the challenge’s timeline and value.
It was their first public assembly since Trump criticised Powell and the Federal Reserve for refusing to decrease rates of interest.
Within the change, the president joked that he would “love” for Powell to decrease rates of interest – drawing some mild laughs from reporters and Powell himself – lower than every week earlier than the subsequent rate-setting assembly the place policymakers are anticipated to carry rates of interest regular.
Trump’s go to to the Fed marked the primary of a sitting president since former president George W Bush attended the swearing-in of Ben Bernanke as chairman in 2006.
