How could Trump allow himself to be embarrassed by the Chairman of the Federal Reserve?

$ecular#eckler

$ecular#eckler

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Mr. Trump and Mr. Powell had a bit of a back-and-forth over the price tag of renovations when the president said the price had gone up even more, from $2.5 billion to $3.1 billion, from its original price tag of $1.8 billion.

Mr. Powell said he hadn’t heard the president’s new figure, and shook his head. Mr. Trump handed Mr. Powell a piece of paper with the figure on it, but the Fed chairman pointed out that the purported higher price included the cost of another building that was completed years ago.
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www.washingtontimes.com

Trump, Powell tour Federal Reserve headquarters amid criticism over renovation price tag

President Trump said he won’t fire Federal Reserve Chairman Jerome H. Powell, but said a project manager who was over budget on one of his real estate projects wouldn’t fare the same, as both men donned hard hats and toured the central bank’s over budget headquarters renovations Thursday.
www.washingtontimes.com www.washingtontimes.com

How did the Chairman quickly recognize the price tag for the completed building? Probably, a generic diversion he thought up when he learned Trump was coming over to tour the site.

There has been a campaign to audit the Federal Reserve for decades now, started by Ron Paul. And wasn't DoGE essentially an auditing service? A couple of weeks ago, I saw a report on CNN with a board member from Chicago, and I could not understand why he brought up the construction job. But that should be prime for Trump to unravel, because he knows all the construction trades' money laundering schemes from his New York construction projects.
 
Mr. Powell said he hadn’t heard the president’s new figure, and shook his head. Mr. Trump handed Mr. Powell a piece of paper with the figure on it, but the Fed chairman pointed out that the purported higher price included the cost of another building that was completed years ago.


Trump once again being humiliated on quoting bogus numbers
 
rightwinger said:
Mr. Powell said he hadn’t heard the president’s new figure, and shook his head. Mr. Trump handed Mr. Powell a piece of paper with the figure on it, but the Fed chairman pointed out that the purported higher price included the cost of another building that was completed years ago.


Trump once again being humiliated on quoting bogus numbers
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If Trump would keep his mouth shut until he had "verifiable" information he would do much better. The problem is he can not and it is one humiliation after another. Perhaps a masochist 🤷‍♀️
 
$ecular#eckler said:
www.washingtontimes.com

Trump, Powell tour Federal Reserve headquarters amid criticism over renovation price tag

President Trump said he won’t fire Federal Reserve Chairman Jerome H. Powell, but said a project manager who was over budget on one of his real estate projects wouldn’t fare the same, as both men donned hard hats and toured the central bank’s over budget headquarters renovations Thursday.
www.washingtontimes.com www.washingtontimes.com

How did the Chairman quickly recognize the price tag for the completed building? Probably, a generic diversion he thought up when he learned Trump was coming over to tour the site.

There has been a campaign to audit the Federal Reserve for decades now, started by Ron Paul. And wasn't DoGE essentially an auditing service? A couple of weeks ago, I saw a report on CNN with a board member from Chicago, and I could not understand why he brought up the construction job. But that should be prime for Trump to unravel, because he knows all the construction trades' money laundering schemes from his New York construction projects.
Click to expand...
This project has been going on since he became chair (was approved before he became chair). They had already cancelled the renovation of another building because of the ballooning costs. Part of it has to do with DC building height restrictions that forced them to go down to expand. I read that they ran into a mess because DC is built on reclaimed swamp land so they are basically having to retrofit another foundation below the existing one. Anyway, Powell is apparently none to happy about the cost either, but Bidennomics did their thing on that project's materials and labor too.
 
$ecular#eckler said:

How could Trump allow himself to be embarrassed by the Chairman of the Federal Reserve?​

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Don't you have that backwards? It was the worst day for Powell not Trump.
  • The wanton spending is insane: Trump pointed out that he totally rebuilt and refurbished an even larger building than the FR, stripped it down to the bare steel, then rebuilt it using all premium materials and products--- for 200 million. The FR has spent SIXTEEN times as much on just this one building and it has a long way to go yet.
  • Trump pointed out that over a million dollars was wasted just covering stuff up with plywood that is undergoing renovation.
  • The FR operates in an environment of secrecy lacking any review at all--- Trump is out to break that up.
  • Trump pointed out that several years ago when things were terrible under Biden, right before the 2020 election, Powell dropped the rate a whole lot helping lower costs to all helping Biden get elected, yet now that Trump is in with things looking far better, Powell holds our rate at a 20 year high.
  • A guy named Fishback who is CEO of some big company who monitors the FR said that years ago, you could follow the FR and their actions made sense, you could anticipate and predict their actions, but nowadays, he says there is no rhyme nor reason to anything the Fed does, implying the actions are all political.
  • These high rates are costing America a trillion dollars a year while harming all Americans.
  • The FR is again due to have some big meeting soon with a bunch of important people there, all behind closed doors. This Fishback guy says he swears he is going to force the FR to hold the meeting publicly for all to see.
  • Once again, Trump is busting his butt fighting with the FR because he knows it is hurting every American out there trying to do business in America. My money is on Trump firing Powell very soon if he does not lower interest rates. And here you are once again reading the situation diametrically opposite of reality trying to attack Trump instead for something good.
 
Dekster said:
This project has been going on since he became chair (was approved before he became chair). They had already cancelled the renovation of another building because of the ballooning costs. Part of it has to do with DC building height restrictions that forced them to go down to expand. I read that they ran into a mess because DC is built on reclaimed swamp land so they are basically having to retrofit another foundation below the existing one. Anyway, Powell is apparently none to happy about the cost either, but Bidennomics did their thing on that project's materials and labor too.
Click to expand...
Seems like they could have used some of the existing empty office space considering the layoffs. Consolidate people, and free up some dedicated space.

That sure would be preferable to throwing away $3 billion.
 
John Edgar Slow Horses said:
How?

Trump is a wuss, and Powell will kick his Trump rump a bump every ******* time.
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Powell is doing his best to keep his foot down hard on the economy so as to make Trump look less successful, but he’s out of there in less than a year anyway.

Shame, though. We are throwing more money away on debt repayment than necessary. But we know that Powell is a power-hungry Democrat who loves to waste government money.
 
Just need to look no further than the last electoral college tally (312-226)
to understand the liberals hatred of Trump. Even though they are benefitting
from Trump being our president.
Trump wasn't embarrassed by Powell, and shouldn't have been embarrassed by Powell :wink:
 
Meister said:
Just need to look no further than the last electoral college tally (312-226)
to understand the liberals hatred of Trump. Even though they are benefitting
from Trump being our president.
Trump wasn't embarrassed by Powell, and shouldn't have been embarrassed by Powell :wink:
Click to expand...

Trump embarrassed himself, and Powell acted cool and collected.
 
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