Trump reiterated that he is unlikely to fire Powell, despite his repeated criticism that Powell should lower interest rates.
Key Facts
Powell rejected Trump’s claim that the cost of renovations to the building are now an estimated $3.1 billion, up from a previous estimate of $2.7 billion, telling Trump and reporters gathered for the tour the estimate included renovations to a separate building that were done five years ago.
The cost of renovations has gone up from initial estimates, though not to $3.1 billion, according to previous reports—they had ballooned to nearly $2.
