Reporter Presses Russell Vought On 'Discrepancy' Between Trump And Powell Over Cost Of Fed Renovations

Forbes Breaking News

During a press briefing on Thursday, OMB Director Russel Vought was asked about the disagreement between President Trump and Federal Reserve Chair Jerome Powell over cost of renovations to the Fed's headquarters.

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00:00You would do a building cheaper.

00:01The headquarters is three buildings.

00:17The two that are still in progress are the Eccles and

00:21the one that's next door to it with the tunnel, right?

00:23That is a $3 billion and counting project that started at 1.8.

00:29It is massively overrun.

00:31It's massively overrun if you take just the two buildings,

00:35nearly $1 billion of cost overrun.

00:37So, again, we've got a lot of questions.

00:40Those questions were not satisfied,

00:42but we certainly have a better sense of what's going on.

00:44How was the convener, Director Moe?

00:46Director Moe, are you concerned about the image

00:48made to decide to do this almost historic tour,

00:51given that that's how rare it is for a president?

00:53And also, does this court today do anything to change that narrative?

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