Together appear on the Fed construction site, Trump seems to have spared Powell on renovation costs and is focusing on pressuring for rate cuts.

When President Donald Trump visited the central bank headquarters renovation project, he downplayed the confrontation with Federal Reserve Chairman Jerome Powell over cost overruns, seizing the opportunity for rare public interaction to once again pressure for rate cuts. Although the two openly exchanged comments about the construction cost issues on-site, Trump insisted there is no hostility between him and Powell, even suggesting that the renovation problem might not be a sufficient reason to fire each other. However, the president still joked during this highly anticipated inspection that he usually fires project managers for similar cost overruns and once again ridiculed Powell on interest rates, who has been criticized by him for months. "Well, I really hope he can lower the rates. Besides that, what else can I say to you guys?" Trump said.