Core Points - President Trump visited the Federal Reserve and pressured Chairman Powell regarding the costs of a renovation project, which has escalated to approximately $3.1 billion [1][3][4] - The interaction between Trump and Powell was described as awkward, with Trump previously using derogatory terms to refer to Powell [3][4] - Powell disagreed with Trump's claims about the renovation costs, clarifying that Trump included costs from a completed project from five years ago [4] Group 1: Federal Reserve Renovation Project - The renovation project costs have increased from $2.7 billion to approximately $3.1 billion, drawing scrutiny from Republican officials [3][4] - The project had not received significant media attention until recent commitments from Trump administration officials to investigate it [4] - Powell has faced criticism over the cost overruns, with White House officials considering this as a potential reason for his dismissal [4] Group 2: Economic Policy and Interest Rates - Trump advocates for interest rate cuts to stimulate economic activity, while Powell maintains that current rates should remain to control inflation, influenced by Trump's tariffs [4] - Powell indicated that without the impact of Trump's tariffs, the Federal Reserve would have already lowered interest rates [4]