Federal Reserve Chair Exposes Trump’s Misstatement on Fed Renovation Costs
In a rare public rebuke, Federal Reserve Chairman Jerome Powell fact-checked President Trump’s inaccurate claims about the cost of the Fed’s building renovation, revealing a critical disconnect between White House rhetoric and fiscal reality.
President Donald Trump’s persistent criticism of Federal Reserve spending took an unexpected turn when Federal Reserve Chair Jerome Powell publicly corrected the president’s inflated figures regarding the renovation costs of the Fed's headquarters. This exchange underscores a broader struggle over transparency and accountability at the highest levels of government spending—issues that strike at the heart of American taxpayers’ interests.Can We Trust Washington to Manage Our Tax Dollars?During a widely televised visit to the Fed’s still-under-renovation headquarters, Trump confidently claimed renovation costs ballooned to $3.1 billion, implying severe mismanagement. However, Powell immediately challenged that assertion, pointing out that Trump was mistakenly...
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