“It looks like it’s about $3.1bn – it went up a little bit or a lot,” said Donald Trump, handing Jerome Powell a piece of paper as they stood amid construction at the US Federal Reserve’s Washington HQ. The usually unflappable Fed chief looked irritated, closed his eyes and shook his head. “I am not aware of that,” said Powell.
Powell scanned the paper and pointed out the figure wrongly included the cost of renovations for a different Fed building that was done five years ago. “It’s not new,” said Powell.
