July 31, 2025
Trump and Powell clash over Fed's $2.5 billion renovation costs
Trump-Powell clash highlights Fed independence concerns
💵Tax & Budget💰Economy
President Trump and Fed Chair Jerome Powell clashed over the $2.5 billion renovation of the Fed's headquarters during a site tour on July 26, 2025.
Trump criticized the cost overruns but stated it was not necessary to remove Powell. This incident highlights the tension between the White House and the Fed, underscoring the importance of central bank independence in maintaining economic stability.
Trump and Powell clash over renovation costs
Fed independence stressed
July 26, 2025 tour
💵Tax & Budget💰Economy
People, bills, and sources
Donald Trump
Actor
Jerome Powell
Actor
What You Can Do
1
Contact representatives for Fed independence
2
Track Fed decisions at federalreserve.gov