{"id":22676,"date":"2025-07-25T09:01:08","date_gmt":"2025-07-25T09:01:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/22676\/"},"modified":"2025-07-25T09:01:08","modified_gmt":"2025-07-25T09:01:08","slug":"trumps-fed-cost-claim-fact-checked-to-his-face-by-the-head-of-the-fed","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/22676\/","title":{"rendered":"Trump&#8217;s Fed cost claim fact-checked to his face \u2014 by the head of the Fed"},"content":{"rendered":"<p>U.S. President Donald Trump and Federal Reserve Chair\u00a0Jerome Powell bickered face to face Thursday over the cost of renovations of the central bank&#8217;s Washington headquarters, with the Fed leader saying the president was wrong about the cost of the overhaul.<\/p>\n<p>Trump, standing shoulder to shoulder with Powell as both wore construction helmets, said Fed renovation costs had jumped from $2.7 billion US to $3.1 billion US, causing the Fed chief to silently shake his head and then say, &#8220;I&#8217;m not aware of that.&#8221;<\/p>\n<p>Trump replied, &#8220;It just came out,&#8221;\u00a0and Powell again questioned where the president&#8217;s number had come from, as it had not come from the central bank.<\/p>\n<p>WATCH | See the interaction here:\u00a0<img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/07\/1753434068_881_default.jpg\"  alt=\"\" class=\"thumbnail\" loading=\"lazy\"\/><\/p>\n<p class=\"video-item-title\">Trump is publicly corrected to his face by U.S. Fed chair<\/p>\n<p>U.S. President Donald Trump and Federal Reserve Chair Jerome Powell bickered back and forth in front of reporters today over the cost of renovations to the central bank in Washington<\/p>\n<p>Powell then noted that it appeared that the president had included in the current cost of fixing up two buildings what it cost to overhaul an additional central bank office. &#8220;You just added in a third building,&#8221;\u00a0he said.<\/p>\n<p>&#8220;That was built five years ago. We finished Martin five years ago,&#8221; the Fed leader said.<\/p>\n<p>Powell also noted as he stood next to Trump that he didn&#8217;t anticipate any more cost overruns\u00a0but the Fed has reserves to deal with them if needed.\u00a0\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"U.S. President Donald Trump and Federal Reserve Chair\u00a0Jerome Powell bickered face to face Thursday over the cost of&hellip;\n","protected":false},"author":2,"featured_media":22677,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-22676","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/22676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=22676"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/22676\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/22677"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=22676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=22676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=22676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}