WATCH: Fed Chair Jerome Powell Tries to Argue with Trump when Confronted on Cost of Federal Reserve Headquarters Renovation | The Gateway Pundit | by Jordan Conradson


WATCH: Fed Chair Jerome Powell Tries to Argue with Trump when Confronted on Cost of Federal Reserve Headquarters Renovation

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President Trump on Thursday toured the Federal Reserve headquarters renovations, which have ballooned over one billion dollars over budget. 

Powell is under fire for the cost of renovating the Fed’s DC headquarters. The cost ballooned from $1.9 billion to $2.5 billion. He currently also faces a criminal referral to the Justice Department from Congresswoman Anna Paulina Luna (R-FL).

Trump announced earlier that he was joined by Senator Tim Scott, Senator Thom Tillis, OMB Director Russ Vought, Chairman of Fannie Mae and Freddie Mac, Bill Pulte, my Appointees to the National Capital Planning Commission, James Blair and Will Scharf, and various other construction professionals.

President Trump also said the renovation will actually cost $3.1 billion or more!

Getting ready to head over to the Fed to look at their, now, $3.1 Billion Dollar (PLUS!) construction project. Also present will be Fed Chair Jerome Powell, Senator Tim Scott, Senator Thom Tillis, OMB Director Russ Vought, Chairman of Fannie Mae and Freddie Mac, Bill Pulte, my Appointees to the National Capital Planning Commission, James Blair and Will Scharf, and various other construction professionals.

Almost immediately after he got in front of the cameras, President Trump called Powell out for going more than one billion over budget. “The 2.7 is now 3.1 [billion],” Trump said.

Powell nodded in disagreement and interrupted, saying, “I’m not aware of that,” and Trump pulled out the receipts with a document from the Fed.

Senator Scott further confirmed that he’s estimating 3.1 or 3.2 billion dollars.

Powell then tried to argue with Trump and say he’s wrong because Trump included a building that was “part of the overall” renovation, said Trump.

Powell said he does not expect additional cost overruns, but “we’re ready for them,” and “we have a little bit of a reserve that we may use.”

“We expect to be finished in 2027,” he added.

WATCH:

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Jordan Conradson
Jordan Conradson, formerly TGP’s Arizona correspondent, is currently on assignment in Washington DC. Jordan has played a critical role in exposing fraud and corruption in Arizona’s elections and elected officials. His reporting on election crimes in Maricopa County led to the resignation of one election official, and he was later banned from the Maricopa County press room for his courage in pursuit of the truth. TGP and Jordan finally gained access after suing Maricopa County, America’s fourth largest county, and winning at the Ninth Circuit U.S. Court of Appeals. Conradson looks forward to bringing his aggressive style of journalism to the Swamp.

You can email Jordan Conradson here, and read more of Jordan Conradson’s articles here.

 

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