{"id":2466459,"date":"2025-07-24T20:53:01","date_gmt":"2025-07-25T00:53:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-relents-on-fed-renovations-after-tense-tour-with-powell-just-get-it-finished-washington-examiner\/"},"modified":"2025-07-24T20:55:29","modified_gmt":"2025-07-25T00:55:29","slug":"trump-relents-on-fed-renovations-after-tense-tour-with-powell-just-get-it-finished-washington-examiner","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-relents-on-fed-renovations-after-tense-tour-with-powell-just-get-it-finished-washington-examiner\/","title":{"rendered":"Trump relents on Fed renovations after tense tour with Powell: \u2018Just get it finished\u2019 &#8211; Washington Examiner"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">34<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-relents-on-fed-renovations-after-tense-tour-with-powell-just-get-it-finished-washington-examiner%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2466459&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>President Donald Trump has reversed his <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ben-carson-says-harris-needs-to-be-told-what-her-policies-are-ahead-of-debate-washington-examiner\/\" title=\"Ben Carson says Harris \u2018needs to be told\u2019 what her policies are ahead of debate - ... Examiner\">earlier opposition<\/a> to the Federal Reserve&#8217;s $2.5 billion renovation project of its historic headquarters in Washington, D.C.,following an on-site inspection with Fed Chairman Jerome Powell. Despite previously criticizing the costly project, Trump expressed reluctant approval after touring the construction, acknowledging the extensive work needed for the buildings and urging that the project be completed quickly. He also reiterated his frustration with the Federal reserve&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidenflation-feds-favorite-inflation-measure-soared-5-8-in-2021-worst-in-39-years\/\" title=\"Bidenflation: ...&#039;s Favorite Inflation Measure Soared 5.8% in 2021, Worst in 39 Years\">interest rate policies<\/a> but softened his stance on firing Powell, calling the idea unnecessary.Powell defended the renovation&#8217;s high costs, citing necessary structural repairs and system upgrades. The interaction marked a temporary easing of tensions between Trump and Powell amid ongoing disagreements over monetary policy.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Trump relents on Fed renovations after tense tour with Powell: &lsquo;Just get it finished&rsquo;<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2181434\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>President<a href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" target=\"_blank\" rel=\"noopener\" title=\"\"> Donald Trump<\/a> reversed his opposition to the<a href=\"https:\/\/www.washingtonexaminer.com\/tag\/federal-reserve\/\" target=\"_blank\" rel=\"noopener\" title=\"\"> Federal Reserve<\/a>&rsquo;s $2.5 billion renovation of its headquarters after touring the Washington, D.C., project site on Thursday.&nbsp;<\/p>\n<p>The massive and costly development of two of the Fed&rsquo;s historic buildings became the latest sticking point between Trump and Fed Chairman Jerome Powell earlier this month after the Central Bank&rsquo;s chief had <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/3477611\/scott-bessent-government-review-federal-reserve-trump-powell\/\" target=\"_blank\" rel=\"noopener\" title=\"\">long attracted the president&rsquo;s outrage<\/a> due to his refusal to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/how-to-stop-inflation-from-hurting-americas-working-and-middle-class\/\" title=\"How To Stop Inflation From Hurting America\u2019s Working And Middle Class\">lower interest rates<\/a>.&nbsp;<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3481810\/trump-homeless-crisis-executive-order\/\">Trump targets homelessness in <a href=\"https:\/\/amzn.to\/3YuVZYV\" >executive order &#8216;ending crime<\/a> and disorder&#8217;<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3481753\/trump-signs-executive-order-save-college-athletics\/\">Trump signs executive order aiming to &#8216;save college athletics&#8217;<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3481679\/trump-tours-fed-construction-powell-awkward-encounter\/\">Trump tours Fed construction with Powell in awkward encounter<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>However, examining the worksite in person seemed to soothe Trump, a longtime builder known for large-scale renovation projects such as Washington, D.C.&rsquo;s historic<a href=\"https:\/\/www.nytimes.com\/2014\/05\/28\/realestate\/commercial\/finally-washingtons-old-post-office-gets-a-new-life.html\" target=\"_blank\" rel=\"noopener\" title=\"\"> Post Office<\/a> and the iconic <a href=\"http:\/\/www.nytimes.com\/2001\/11\/30\/nyregion\/trump-buys-hotel-delmonico-for-115-million.html\" target=\"_blank\" rel=\"noopener\" title=\"\">Hotel Delmonico<\/a> in Manhattan.&nbsp;<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">President Donald Trump, left, reaches for a document of cost figures as Federal Reserve Chairman Jerome Powell watches during a visit to the Federal Reserve, Thursday, July 24, 2025, in Washington. (AP Photo\/Julia Demaree Nikhinson)<\/figcaption><\/figure>\n<p>After an at-times<a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3481679\/trump-tours-fed-construction-powell-awkward-encounter\/\" target=\"_blank\" rel=\"noopener\" title=\"\"> tense walk-around<\/a> on the site with Powell, Trump sent out a message on Truth Social approving the project, which he had <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3474273\/white-house-moves-bolster-trump-case-jerome-powell-firing\/\" target=\"_blank\" rel=\"noopener\" title=\"\">previously described<\/a> as &ldquo;really disgraceful&rdquo; due to its multibillion-dollar price tag.&nbsp;<\/p>\n<p>&ldquo;It was a Great Honor to tour the Renovation (and some new Construction!) of the Federal Reserve Building with Chairman Jerome Powell,&rdquo; the president <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114910307760776254\" target=\"_blank\" rel=\"noopener\" title=\"\">said<\/a>. &ldquo;It&rsquo;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. The cost overruns are substantial but, on the positive side, our Country is doing very well and can afford just about anything &mdash; Even the cost of this building!&rdquo;&nbsp;<\/p>\n<p>&ldquo;I&rsquo;ll be watching and, hopefully, adding some expertise,&rdquo; he added. &ldquo;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&rsquo;s cost, and it is many times the size. With all of that being said, let&rsquo;s just get it finished and, even more importantly, LOWER INTEREST RATES!&rdquo;&nbsp;<\/p>\n<p>Trump&rsquo;s reluctant approval comes as a reversal of sorts, after Office of Management and Budget Director Russell Vought<a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3468203\/white-house-escalates-war-powell-inquiry-700m-overrun-fed-hq\/\" target=\"_blank\" rel=\"noopener\" title=\"\"> sent a letter to Powell <\/a>about the Fed&rsquo;s renovation project and claimed the president was &ldquo;extremely troubled&rdquo; by his management of the central bank.&nbsp;<\/p>\n<p>Powell<a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3475162\/jerome-powell-letter-white-house-vought-federal-reserve-renovations\/\" target=\"_blank\" rel=\"noopener\" title=\"\"> responded with his own letter <\/a>defending the development and saying the two historic buildings being renovated needed &ldquo;<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/powell-sends-letter-to-white-house-defending-2-5-billion-fed-renovations-washington-examiner\/\" title=\"... sends letter to White House defending ....5 billion ... - ... Examiner\">significant structural repairs<\/a> and other updates &hellip; including the removal of asbestos and lead contamination, complete replacement of antiquated systems such as electrical, plumbing, heating, ventilation, and air conditioning, as well as fire detection and -2- suppression systems.&rdquo;<\/p>\n<p>Trump has on and off publicly mused over firing the Fed chairman, although he has <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3472920\/trump-fire-powell-fed-chairman\/\" target=\"_blank\" rel=\"noopener\" title=\"\">backed off <\/a>on the idea in recent weeks, saying on July 16 that carrying out such an action was &ldquo;highly unlikely.&rdquo;&nbsp;<\/p>\n<p>On Thursday, despite reiterating his frustration with the central bank and continuing calls for lower interest rates, Trump called the notion of firing Powell a &ldquo;big move&rdquo; that would not be &ldquo;necessary.&rdquo;<\/p>\n<p>Standing next to Powell, whom the president called one of his &ldquo;<a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3475526\/trump-jerome-powell-worst-appointment-slams-biden\/\" target=\"_blank\" rel=\"noopener\" title=\"\">worst appointments<\/a>&rdquo; just one week ago, Trump insisted there was &ldquo;no tension&rdquo; between the two, telling reporters he &ldquo;feels good&rdquo; about his relationship with the Fed chairman.<\/p>\n<p>Trump named one dispute the battle over interest rates, adding that he was confident &ldquo;the chairman is going to do the right thing&rdquo; about lowering rates.&nbsp;<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/economy\/3477611\/scott-bessent-government-review-federal-reserve-trump-powell\/\" target=\"_blank\" rel=\"noopener\" title=\"\">BESSENT EYES GOVERNMENT REVIEW OF FED AS TRUMP WEIGHS FIRING POWELL<\/a><\/strong><\/p>\n<p>Earlier this month, Powell signaled he would not rule out a rate cut as soon as the Fed&rsquo;s next meeting on July 29.&nbsp;<\/p>\n<p>&ldquo;I wouldn&rsquo;t take any meeting off the table or put any on the table,&rdquo; Powell told the audience at the European Central Bank forum in Sinatra, Portugal. &ldquo;It depends on how the data evolves.&rdquo;<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_2181434\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"2181434\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump backs Fed renovation after tense Powell tour: &#8216;Finish it<\/p>\n","protected":false},"author":3142,"featured_media":2466460,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/07\/trump-fed-renovation-costs.webp","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[59383,5894,8975,3634,32076],"class_list":["post-2466459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-fed-renovations","tag-politics","tag-powell","tag-trump","tag-washington-examiner"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/07\/trump-fed-renovation-costs.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2466459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/3142"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2466459"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2466459\/revisions"}],"predecessor-version":[{"id":2466463,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2466459\/revisions\/2466463"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2466460"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2466459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2466459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2466459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}