Trump Criticizes Fed Chair Jerome Powell Over $2.5 Billion Treasury Renovation

Criticism of Jerome Powell's Spending

• 🗣️ President Trump expressed strong disapproval of Fed Chair Jerome Powell's decision to spend $2.5 billion on a renovation of the Treasury building.
• 💡 Trump described Powell as "terrible" and a "total stiff" with "no personality, no high intelligence, no nothing."
• 🏛️ He questioned the necessity of a "palace to live in" and the significant expenditure for an extension to the Fed.

Economic Forecast Disagreement

• 📈 Trump highlighted his own accurate economic forecast, stating that out of 71 economists, only he and one other person predicted the economic situation correctly.
• 🧑‍💼 He contrasted this with Powell's team of thousands of economists, who he claims got it wrong.
• ⚠️ The $2.5 billion renovation was deemed "disgraceful" by Trump, especially in light of the economic challenges.