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Portrait of Elizabeth Troutman MitchellPresident Donald Trump put Federal Reserve Chairman Jerome Powell on the spot about the cost of renovations to the Fed’s Washington headquarters building going over budget.

“We’re taking a look, and it looks like it’s about $3.1 billion. Went up a little bit—or a lot,” Trump said. “So, the 2.7 is now 3.1. It just came out.”

Powell pushed back, saying he hadn’t “heard that from anybody.” The Federal Reserve chairman, who Trump has repeatedly threatened to fire for refusing to lower interest rates, said the number was so high because Trump included a third building finished five years ago. …

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