Trump jokes he wants Powell to lower interest rates

The US president and Federal Reserve chair bickered over the cost and timeline of the Fed’s headquarters renovation project during a tour.

Watch LiveBritish Broadcasting CorporationHomeNewsSportBusinessInnovationCultureArtsTravelEarthAudioVideoLiveHomeNewsIsrael-Gaza WarWar in UkraineUS & CanadaUKUK PoliticsEnglandN. IrelandN. Ireland PoliticsScotlandScotland PoliticsWalesWales PoliticsAfricaAsiaChinaIndiaAustraliaEuropeLatin AmericaMiddle EastIn PicturesBBC InDepthBBC VerifySportBusinessExecutive LoungeTechnology of BusinessFuture of BusinessInnovationTechnologyScience & HealthArtificial IntelligenceAI v the MindCultureFilm & TVMusicArt & DesignStyleBooksEntertainment NewsArtsArts in MotionTravelDestinationsAfricaAntarcticaAsiaAustralia and PacificCaribbean & BermudaCentral AmericaEuropeMiddle EastNorth AmericaSouth AmericaWorld’s TableCulture & ExperiencesAdventuresThe SpeciaListEarthNatural WondersWeather & ScienceClimate SolutionsSustainable BusinessGreen LivingAudioPodcastsRadioAudio FAQsVideoLiveLive NewsLive SportHomeNewsSportBusinessInnovationCultureArtsTravelEarthAudioVideoLiveWeatherNewslettersWatch LiveWatch: Trump jokes he wants Powell to lower interest rates in tense exchangeUS President Donald Trump and Federal Reserve Chair Jerome Powell exchanged frosty words during their public tour of the Federal Reserve's $2.5 billion renovation project. The pair met reporters and disagreed about the project's timeline and cost.

It was their first public meeting since Trump criticised Powell and the Federal Reserve for refusing to lower interest rates.

In the exchange, the president joked that he would "love" for Powell to lower interest rates - drawing some light laughs from reporters and Powell himself - less than a week before the next rate-setting meeting where policymakers are expected to hold interest rates steady.

Trump's visit to the Fed marked the first of a sitting president since former president George W Bush attended the swearing-in of Ben Bernanke as chairman in 2006.

ShareSaveWatch: Moment small plane crashes in a Florida neighbourhoodThe four people aboard the aircraft, including the pilot, were hospitalised with minor injuries, according to the Pembroke Pines Fire Rescue.