Donald Trump and Jerome Powell disagree over cost of Fed building renovations

Federal Reserve Chairman Jerome Powell listens as President Donald Trump (Julia Demaree Nikhinson/AP)

President Donald Trump publicly scorned Federal Reserve chair Jerome Powell on Thursday for the cost of an extensive building renovation as the two officials began a tour of the unfinished project.

Mr Trump said the project cost$ 3.1bn, much higher than the Fed’s $2.5bn figure, while Mr Powell, standing next to him, silently shook his head.