Trump Discusses Federal Reserve Renovations and Jerome Powell's Position

Federal Reserve Building Renovations

• 🏗️ President Trump toured a construction site at the Federal Reserve, describing the situation as "very luxurious."
• ⚠️ He noted that building the basement is particularly expensive due to the need to work around a water line, requiring a "reverse bathtub" construction.
• 💡 Trump suggested it would have been better if certain aspects of the renovation had not been undertaken.

Interest Rates and Fed Chair Powell

• 📉 The primary goal expressed is to see interest rates come down.
• 🏦 When asked about firing Fed Chair Jerome Powell due to high rates hurting families, Trump stated he doesn't believe it's "necessary."
• ✅ He expressed belief that Powell will ultimately "do the right thing" regarding interest rates.
• 🗣️ Trump indicated that even those who previously supported higher rates now want to see them decrease.