Story perspectives
Trump's Fed Visit Sparks Budget Controversy and Tension
12/29/2025
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Story summary
- In December 2025, U.S. President Donald Trump visited the Federal Reserve.
- Trump presented a disputed renovation-cost list.
- Trump claimed he would fire a project manager for exceeding the budget.
- Federal Reserve Chairman Jerome Powell appeared uncomfortable during the visit.
- Powell noted that Trump had included costs for a completed building in his calculations.
