President Donald Trump just did what no other president would dare—he personally showed up at the Federal Reserve’s front door to inspect what he calls a “reckless, out-of-control” $3.1 billion renovation project.
President Donald Trump made a surprise visit to the Federal Reserve headquarters to personally inspect the controversial and wildly over-budget $3.1 billion renovation project overseen by Fed Chair Jerome Powell. CNN tried to spin the visit but Trump’s admin fact checks CNN’s Kaitlin Collins. According to reports, Powell initially tried to block White House staff from touring the facility — so Trump took matters into his own hands. As a real estate developer, Trump slammed the mismanagement and called the project a “fireable offense.” The renovation, which began at an estimated $1.9 billion, has ballooned by over a billion dollars. The White House is now investigating whether Powell’s Federal Reserve violated National Capital Planning Commission guidelines — and whether he can be removed for cause.
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