Summary
- President Donald Trump personally visited the Fed headquarters to request a rate cut.
- President Trump pointed out that the Fed headquarters' renovation budget of $3.1 billion was excessive.
- President Trump expressed his dissatisfaction by mentioning that he dismisses those responsible for projects that exceed their budget.
According to The New York Times on the 24th (local time), U.S. President Donald Trump visited the Fed headquarters and met directly with Fed Chair Jerome Powell. At the meeting, he said, "I want the Fed to lower rates."
Upon arrival, President Trump questioned Chair Powell about the $3.1 billion budget allocated for the Fed headquarters' renovation, saying it was excessive, and Powell was reportedly seen shaking his head in response.
President Trump further expressed his dissatisfaction by saying, "I generally fire the person in charge of projects that go over budget."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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