Powell fact checks Trump’s Fed renovation as awkward hard-hat visit turns tense

President Donald Trump’s Federal Reserve Chairman Jerome Powell went to the Central Bank’s Washington center in a terrible way on Thursday, when Powell responded to the charges of Powell during a long -standing renewal cost.

After watching the costly renovation, Trump and Powell stood briefly to talk to the President and journalists traveling to the federal reserve center.

Trump said that the cost of the project, which lasted for years, was “about 3.1 billion dollars yerine instead of 2.7 billion dollars previously mentioned by Powell.

“So we take a look and rose to about 3.1 billion. So 2.7 now 3.1, just out, Pow Powell said he read a piece of paper and shook his head negatively before intervening.

The President said: ım I haven’t heard of this from anyone ”and asked if Trump’s article came from the central bank.

At this point, Trump gave him the paper, and Powell continued to talk to seeing his reading glasses.

Later, he told the President that the higher number he claimed contained a separate project that is not part of the renewal.

Im You just added to a third building, ”he said.

When Trump said that the building in question is now “built”, Powell spoke once again to ignore the president because he misunderstood his reading.

Trump’a, as part of the renewal of the main center of the FED between 1951-1970, who served as the President of the Fed william Martin Jr. He said he had accidentally counted a long -standing renovation.

“No, it was built five years ago. We finished Martin five years ago,” he said.

He asked the reporters that he expected more overflowing in the long project, Powell said that Fed was “ready ında for any of them, but he did not expect any more.

“We have some reserves that we can use, but no,” he said, before adding that he expects to do the project, he said he would hug in 2027 a year after his term of office.

Trump and his allies said that the Fed Headquarters’ renewal of $ 2.5 billion and a neighboring building, a hustle and bustle reflects Amok – a belief that they hoped to verify in the afternoon of the construction site.

Site Visit by the President, PowellThe President of the Republic was ruthlessly attacked because he did not reduce borrowing costs.

Trump’s attacks put the Fed, a historical independent institution, into a harsh spotlight. Weaken its independence can reduce the FED’s ability to calm down financial markets and stabilize the US economy.

In 2017, the President did not make the secret of Trump’s discontent, especially for Powell, who nominated to lead the Federal Reserve, especially because Powell refused to reduce interest rates.

Powell center The bank needs time to see which effect tariffsIt will be on inflation and employment before making a decision on interest rates. This pushed Trump to call Powell a “stupid person”.

He can do little to remove President Powell. Joe Biden nominated Powell for another five-year period in 2021, based on his stable leadership during the 2020 COVİD-19 pandemi, and his duration would end in May. The Federal Regulation said that the President could only remove Powell for “reason”.

For a while, Trump and his allies seemed to have found such a reason in the costly renovation of the Fed’s headquarters.

However, Trump, a former real estate developer, softened his criticism of the project after watching him.

Trump, who appeared in the element while doing a hard hat sports, said he wanted to see the project was over.

“It started in many ways, but it started and it started for a long time. It will be a really long time, because it seems to be going to go,” he said.

He said that he would make a “very good tour ve and refused to repeat his previous criticisms about the project. However, Washington gave a detailed explanation of the complexity of the project about a Bodrum floor excavated under the DC water table.

“You know, look, look here, they are trying to open the basement floor. First of all, the worst area is always – a basement is the worst area of a building and is also the most expensive area for building and at the same time. ”He said.

“There are always game founders on Monday morning. I don’t want to be. I want to help them end. I have been walking around for years and I want to help them finish.”

Later, he wrote that it was a “great honor” to visit the building on Social.

“There is a long way to go, it would be much better if it had never started, but that and I hope it will be finished as soon as possible,” he said. “Cost outdoors are important, but on the positive side, our country is going very well and can meet almost everything – even the cost of this building!”

The authority added that the historical real estate company, which became a Maga Hotspot in the first period before it was sold in 2021, said that he hoped to add his own expertise.

“The total construction cost was a small portion of the cost of the FED Building and it is many times in size. Together with all of these, we just finish it and more importantly lower interest rates!” he said.

Despite the past criticism of the president, it is understood that he had withdrawn from his implicit threat to Powell due to negative reactions from the markets.

During the Oval Office Press Opportunity last week, Trump said to journalists, a group of Republican deputies, 12 Republican president by the President of the Oval Office at the meeting of Tuesday night at the meeting of a cryptocies during the meeting of a group of Republican deputy after a day after a day, a day after a day, he said.

Additional Reports by Agencies and Washington Bureau Chief Eric Garcia