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So Trump and Powell, do we call it a powwow?

A tour?

Yeah.

Yeah, Donald Trump and the Federal Reserve Chair Jerome Powell.

They toured the Fed's renovation project in Washington, D.C.

They disagreed publicly over the cost figures.

Trump claimed that the project had reached $3.1 billion.

Powell was insisting it was at $2.5 billion.

You know, what's just a couple bill among friends, right? Okay, but let's back up, but just so people are like, what is going on here? So Jerome Powell's the chairman of the, I know most people know this, but just in case you don't, we're a massive family here at the Kendall and Casey show. We welcome you to this number one rated radio family.

That's because of you.

And when you have thousands of people coming in and out every day, some people don't know the things that everybody else knows. So it's like school, right? We always have to just pretend not everybody knows everything. Let's refresh where we were. So Jerome Powell's the head of the Federal Reserve. He essentially sets money policy in this country. The job of the Federal Reserve is to balance unemployment and inflation. That is literally their creed, right? What the thing they're

supposed to do. So being that unemployment is very low in this country and we have had horrible bouts of inflation the past five-ish years, even though right now it's relatively under control.

Jerome Powell said, given that these are my two jobs to balance these two things and unemployment is low, we are not going to be cutting interest rates.

And Trump is enraged by that because well this is one one low-level

bird lawyer's interpretation the the Trump is trying to goose the economy for

whatever damage his tariffs might be doing and he's trying to do that by making money cheaper.

And he's mad, Powell won't go along with that.

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