The Federal Reserve released a statement Friday thanking President Donald Trump and Republican lawmakers for visiting the central bank’s renovation project on Thursday. The two-building rehabilitation has drawn significant attack from Republicans over its $2.5 billion price tag. During his visit, Trump offered little criticism of the project but urged Fed Chair Jerome Powell several times to lower interest rates. Former President and CEO of the Federal Reserve Bank of Dallas Robert Kaplan told Bloomberg Businessweek Trump’s comments likely weigh on the FOMC and that the national deficit remains a concern. (Source: Bloomberg)
