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Trump's Cost Claims Backfire in Fiery Powell Showdown

7/27/2025

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Summary

Story summary

In a fiery exchange on July 24, 2025, Donald Trump accused Federal Reserve Chair Jerome Powell of inflating renovation costs to $3.1 billion. Powell swiftly countered, clarifying that the figures encompassed expenses from a finished building. The moment ignited social media, with many applauding Powell for standing firm against Trump, who was caught in a lie on camera.

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Story summary

In a fiery exchange on July 24, 2025, Donald Trump accused Federal Reserve Chair Jerome Powell of inflating renovation costs to $3.1 billion. Powell swiftly countered, clarifying that the figures encompassed expenses from a finished building. The moment ignited social media, with many applauding Powell for standing firm against Trump, who was caught in a lie on camera.