Unlike the Pentagon and a new weapons system that has blown through its budget, the Fed and its operations are funded differently.

The president wanted to take Jerome Powell, the Fed chair, to task over the cost of renovations to the central bank’s headquarters, but Mr. Powell was having none of it.

As president, Donald Trump doesn't get a lot of pushback, but he got some Thursday from Federal Reserve Chairman Jerome Powell about the renovation costs of the Fed's headquarters

White House deputy chief of staff James Blair discusses President Donald Trump calling out Fed Chair Jerome Powell on the expensive renovations to Fed Reserve headquarters on 'Kudlow.'

Some Fed watchers are looking at the September FOMC meeting for the next rate cut, pending the outcome of tariff inflation and the unemployment rate. A 12-0 vote to hold interest rates steady would be a powerful signal of a strong conviction among the members of the FOMC.

Donning white hard hats for their tour of the Federal Reserve’s construction site, President Trump and Fed Chair Jerome Powell almost immediately began squabbling over the cost of the renovations. WSJ

President Donald Trump met with Federal Reserve Chairman Jerome Powell this week, striking a lighter tone between himself and the Fed following a tour of the central bank’s headquarters. But the Fed holding interest rates steady once again next week could be a blow to that truce.