Watch: Trump Argues With Fed Chair Jerome Powell Over $3.1 BILLION Federal Reserve Building Renovations

President Donald Trump toured the Federal Reserve building in Washington DC Thursday to check the progress of renovations on the building, as construction costs have reportedly mounted to over $3 billion.

Footage showed Trump addressing reporters alongside Federal Reserve Chairman Jerome, as the pair wore hard hats and argued over the project’s cost.

🚨 BREAKING: President Trump is OPENLY GRILLING Jerome Powell to his face at the Federal Reserve Building in DC

This comes after Trump found out the total for the renovations are actually $3.1 BILLION

“What are all these overruns about?!"

Holy CRAP this is an amazing watch 🤣 pic.twitter.com/Dh4ltIXF6p

— Nick Sortor (@nicksortor) July 24, 2025

One reporter asked Trump, “As a real estate developer, what would you do with a project manager who’d be over budget?”

“Generally speaking what would I do? I’d fire them,” Trump responded, later adding he’d like Powell to lower interest rates.

Trump, with Powell beside him: I'd love him to lower interest rates.

Trump then slaps him on the back. pic.twitter.com/KPgAhPYe1F

— unusual_whales (@unusual_whales) July 24, 2025

President @realDonaldTrump tours the Federal Reserve Building with Jerome Powell pic.twitter.com/j209BnY4tf

— Margo Martin (@MargoMartin47) July 24, 2025

Q: "Is this meant to put pressure on [Fed Chair] Jerome Powell to resign?"

TRUMP: "No. There's no pressure. His term comes up soon." pic.twitter.com/e1fpuCZsL8

— Breaking911 (@Breaking911) July 24, 2025

Following the tour, Trump explained to reporters various issues he saw with the project saying he’d like to offer his help to get the renovations completed sooner.

🚨 JUST IN: President Trump called out Jerome Powell for using MASSIVE amounts of tax dollars for “luxuries”

Powell is trying to turn the Federal Reserve into the freaking TAJ MAHAL with YOUR money

“I see a very luxurious situation taking place!”

Powell HAS to go! pic.twitter.com/8KXouo140V

— Nick Sortor (@nicksortor) July 24, 2025

“It was a Great Honor to tour the Renovation (and some new Construction!) of the Federal Reserve Building with Chairman Jerome Powell, Senator Tim Scott, and others. It’s got a long way to go, would have been much better if it were never started, but it is what it is and, hopefully, it will be finished ASAP,” Trump later wrote on Truth Social.

“The cost overruns are substantial but, on the positive side, our Country is doing very well and can afford just about anything — Even the cost of this building! I’ll be watching and, hopefully, adding some expertise. As everyone knows, I renovated the Old Post Office on Pennsylvania Avenue, and it was a roaring SUCCESS. The total Construction cost was a small fraction of the Fed Building’s cost, and it is many times the size. With all of that being said, let’s just get it finished and, even more importantly, LOWER INTEREST RATES!”

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