On July 25, US President Donald Trump and Federal Reserve chairman Jerome Powell clashed over renovation costs during Trump's first visit to the Fed by a sitting president in two decades.

• Trump criticized the Fed's renovation costs, claiming they have ballooned from $2.7 billion to $3.1 billion.
• Trump has been vocal about his dissatisfaction with Powell, suggesting he may consider firing him over interest rate policies.
• Disputes centered around renovation issues related to buildings from the 1930s, with Powell attributing cost overruns to unexpected discoveries like asbestos.