On Thursday, President Donald Trump ramped up pressure on Jerome Powell for the cost of renovations at the Federal Reserve, and said that the cost of $2.7 billion has increased to $3.1 in front of reporters.
Trump was with Senator Tim Scott (R-SC) who said that there had been "overruns" in the expenses with the renovations as they met with Powell in front of reporters. Trump then said that the "$2.7 is now $3.1 [billion]. It went up a little bit, or a lot."
Trump to Jerome Powell on renovation cost overruns: “It went up a little, or a lot.”
— The Post Millennial (@TPostMillennial) July 24, 2025
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