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In Washington D.C., a striking standoff unfolded at the Fed headquarters. Trump made an unexpected visit to the Fed and engaged in intense discussions with current Chairman Powell regarding the expenditures for the renovation of the Fed building, drawing widespread attention from the public.
Trump showcased a cost list in front of the media, claiming that the renovation costs for two Fed buildings had exceeded $3.1 billion, far surpassing the initial estimate of $2.5 billion. The huge discrepancy in this figure immediately sparked controversy. However, Powell disputed Trump's claims on the spot, pointing out that Trump's calculations included costs for a third building that had been completed five years ago, which could have led to the deviation in the cost estimate.
The two sides engaged in a heated debate on this issue, and the atmosphere was once very tense. In addition to the controversy over the renovation project, Trump took this opportunity to reiterate his call for interest rate cuts, further adding to the drama of this meeting.
This unexpected clash not only exposed potential discrepancies within the Fed regarding financial management but also reflected the potential impact of political forces on the independence of the central bank. In any case, this debate will undoubtedly spark more public discussion and follow-up on the Fed's financial transparency and decision-making process.
As the situation develops, people will closely follow the potential impact this controversy may have on U.S. monetary policy and economic decision-making. This incident also highlights the importance of communication and coordination among various government departments, as well as the necessity of maintaining transparency in major decisions.