Instant Reaction: Trump, Powell Discuss Rates, Clash on Cost of Fed Renovations
Bloomberg Surveillance
Bloomberg
3.8 • 1.2K Ratings
🗓️ 24 July 2025
⏱️ 20 minutes
🧾️ Download transcript
Summary
Donald Trump downplayed jostling with Federal Reserve Chairman Jerome Powell over cost overruns during a tour of the central bank’s renovation project, even as he used the interaction to again push for lower interest rates.
After a tour that saw Trump and Powell publicly trade barbs over the cost of the project, Trump maintained there was no tension with the Fed chief and indicated that problems with the project probably weren’t reason enough to fire the central bank head.
But the remarkable tour still saw the president joke that he might ordinarily fire a project manager who oversaw similar cost overruns and again rib Powell — who for months has faced presidential criticism — over interest rates.
For instant reaction and analysis, hosts Carol Massar and Tim Stenovec speak with:
- Bloomberg News senior editor Wendy Benjaminson
- Bloomberg News Federal Reserve Reporter Jonnelle Marte on President Donald Trump's visit to the Federal Reserve and Chairman Jerome Powell
See omnystudio.com/listener for privacy information.
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