Trump and US central bank chief bicker over bank renovation costs

US President Donald Trump and the head of the US Federal Reserve Jerome Powell appeared together for a tense meeting on July 24, 2025, as the president toured the central bank after stepping up his attacks on its management and economy. During a brief awkward exchange before the news media, the two men bickered over the cost of the bank’s headquarters renovation costs. Trump has threatened to fire the Fed chief over cost overruns for the bank renovations. Powell has also been under fire for resisting pressure from Trump to lower interest rates.