A building in DC belonging to the Federal Reserve Bank is undergoing renovation.
Trump is trying to find an excuse to fire Jerome Powell, Chairman of the Federal Reserve Bank System. So — Trump went to “inspect” the building renovation, hoping to catch Powell in a huge cost overrun.
Trump said the cost was $3,1 billion when the work was budgeted at $2.7 billion.
Powell questioned him, Trump pulled a piece of paper out of his pocket and told Powell the paper showed the he was vastly over-budget.
Powell pointed out that Trump’s figures included the cost of a third building. Trump said something about that being a planned building. Powell pointed out that the building was currently occupied and was built five years ago.
Trump, realizing his bullshit had been caught on camera, changed the subject.
Just watch this. Here Trump makes up a higher number for the new fed building construction, Powell factchecks him – you just added the building that was finished 5 years ago! pic.twitter.com/aa6LClW6CL
— Olga Nesterova (@onestpress) July 24, 2025