| Hello, N2K’ers! | Donald Trump and Fed Chair Jay Powell had an amusing disagreement about the cost of renovating Powell’s Fed-quarters in front of TV cameras yesterday. It reminded me of an old married couple arguing about the cost of renovating their kitchen — only it cost a few billion bucks. The pair of them wearing identical hard hats made the scene extra comical: |  | Acyn @Acyn |  |
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Trump: It looks like it’s about $3.1 billion Powell: I’m not aware of that. Trump: It just came out Powell: You just added in a third building Trump: It’s a building that’s being built Powell: It was built five years ago. | |  | | | 8:11 PM • Jul 24, 2025 | | | | | | 3.14K Likes 692 Retweets | 305 Replies |
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| Meanwhile, our Cheddquarters cost billions of dollars to build, let alone renovate, and that’s all good because nobody disputes the high value of this newsletter as a result. Do you? |
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