President Donald Trump, after a tour of the Fed’s $2.5 billion renovation, said he didn’t want to fire Federal Reserve Chair Jerome Powell because of the plan’s cost overruns.

Jerome Powell has long been a target of President Donald Trump, who has repeatedly criticized the Fed chair for not cutting interest rates.

In a rare and awkward public encounter, President Donald Trump and Federal Reserve Chairman Jerome Powell showcased their strained relationship during a visit to the Fed's headquarters.

US President Donald Trump has shared an awkward exchange with Federal Reserve Chair Jerome Powell by squabbling over the price of renovations to the central bank’s headquarters.

President Trump visited the Federal Reserve and raised the issue of cost overruns in construction of new facilities there. It was a new front in Trump's extended campaign to pressure Powell, who he says has been too slow to lower interest rates.

An investment firm headed by a supporter of President Donald Trump sued Federal Reserve Chairman Jerome Powell and other Fed officials demanding public access to monetary policy meetings.