U.S. President Donald J. Trump visited the ongoing renovations at the Federal Reserve’s Marriner S. Eccles Building in Washington, D.C. today, accompanied by Federal Reserve Chair Jerome Powell. During a joint interview at the end of the tour, President Trump claimed the renovation costs had surged to $3.1 billion—an assertion Powell immediately refuted. In response, Trump presented a document he said confirmed the figure, but Powell countered that the paper included expenses from prior renovations to the William McChesney Martin Jr. Building, which underwent a comprehensive overhaul beginning in the early 2010s and completed in 2021.