Federal reserve reno project

[Frozenbeernuts 2,270]

I am linking the NYT article, because they are framing this as a gotcha on Trump. Holy hell can we get some common sense here?

Trump added the previous building because they had already spent $400M rennovating 5 years ago. If you add in the Biden era rennovations, it comes to a grand total of $3.1 BILLION DOLLARS! WTF! Of course  it's over budget. The fed is supposed to be separate from the government. It's private. Yet they are using tax dollars to spend way more than they should renovating.

https://www.nytimes.com/live/2025/07/24/us/trump-federal-reserve-powell

[Ron_Artest 1,562]

Powell is light years smarter and more trustworthy than trump.  I would believe Powell on this.

[Drizzay 723]

The Fed should be dismantled.

[weepaws 3,202]

The government needs to be dismantled, and rebooted. 

[nobody 2,687]

So it cost them 3.1 billion to build 3 buildings.  That doesn't appear to be in dispute.  Gutter thinks that's okay.

[Horseman 2,469]

On 7/25/2025 at 12:58 PM, nobody said:

So it cost them 3.1 billion to build 3 buildings.  That doesn't appear to be in dispute.  Gutter thinks that's okay.

He just says stuff 

[5-Points 3,562]

On 7/25/2025 at 9:08 AM, weepaws said:

The government needs to be dismantled, and rebooted. 

..."reno" was an abbreviation for renovation. It has nothing to do with Reno. Show yourself out. 

 

[thegeneral 3,223]

Trump bilks 100’s of millions out of us golfing at his resorts. STFU dumbasses 

[nobody 2,687]

21 minutes ago, thegeneral said:

Trump bilks 100’s of millions out of us golfing at his resorts. STFU dumbasses 

Typical tds lib.  Instead of just taking down all of the abusers, let's just defend our team.

[thegeneral 3,223]

31 minutes ago, nobody said:

Typical tds lib.  Instead of just taking down all of the abusers, let's just defend our team.

This is a story because fockstick Trump wants to lower interest rates at all costs.. Powell led the country through what was expected to be a recession by everyone, he’s done a great job.

Trump could give a shet about government spending.

[Ron_Artest 1,562]

Trump just raised the debt by $3T.  Let's stop pretending he cares about govt spending.

Nobody is a hack.

[RaiderHaters Revenge 4,356]

Libtards think working class needs to pay higher interest rates.  That’s an amazing take 

[Ron_Artest 1,562]

29 minutes ago, RaiderHaters Revenge said:

Libtards think working class needs to pay higher interest rates.  That’s an amazing take 

Rates would be lowered if not for your tariffs.

[RaiderHaters Revenge 4,356]

3 hours ago, Ron_Artest said:

Rates would be lowered if not for your tariffs.

Sure expert minimum wage earner 

[Ron_Artest 1,562]

4 hours ago, RaiderHaters Revenge said:

Sure expert minimum wage earner 

I make more than minimum wage but that's irrelevant.  J Powell has said as much.

[thegeneral 3,223]

9 hours ago, RaiderHaters Revenge said:

Libtards think working class needs to pay higher interest rates.  That’s an amazing take 

Why do you think the Fed kept interest rates high? 

[TimHauck 2,901]

On 7/25/2025 at 7:07 AM, Frozenbeernuts said:

I am linking the NYT article, because they are framing this as a gotcha on Trump. Holy hell can we get some common sense here?

Trump added the previous building because they had already spent $400M rennovating 5 years ago. If you add in the Biden era rennovations, it comes to a grand total of $3.1 BILLION DOLLARS! WTF! Of course  it's over budget. The fed is supposed to be separate from the government. It's private. Yet they are using tax dollars to spend way more than they should renovating.

https://www.nytimes.com/live/2025/07/24/us/trump-federal-reserve-powell

Paywall.  $3.1 billion vs what budget?

Before the viral convo with Powell & Trump, multiple media articles cited an originally approved plan from 2019 of $1.9 billion for 2 buildings which is now at $2.5 billion, a ~30% increase. That’s probably in line with what the increases in construction costs were post-Covid, so unless the budget only increased in the past couple years (not totally clear), then that increase makes sense. But Trump said $3.1 billion in the video which is why Powell corrected him.    Yes, @nobody, $3 billion for 3 buildings is a lot, but probably at least $2.5 billion of that was approved during Trump1.

https://finance.yahoo.com/news/powell-defends-25-billion-fed-renovation-in-letter-to-white-house-232136058.html

https://nypost.com/2025/04/27/business/federal-reserve-blows-2-5b-on-palace-of-versailles-hq/

[Hardcore troubadour 15,478]

Libtards like Gutterboy don’t even ask the basic, most relevant question. 

[RaiderHaters Revenge 4,356]

41 minutes ago, thegeneral said:

Why do you think the Fed kept interest rates high? 

Why is govt money manipulation ok with you?

[Herbivore 1,134]

9 minutes ago, Hardcore troubadour said:

Libtards like Gutterboy don’t even ask the basic, most relevant question. 

what basic thing do you need to know dipstick?

[Hardcore troubadour 15,478]

4 minutes ago, Herbivore said:

what basic thing do you need to know dipstick?

The Federal Reserve. Go ahead and explain it, short and sweet. We’ll go from there. 

[Herbivore 1,134]

4 minutes ago, Hardcore troubadour said:

The Federal Reserve. Go ahead and explain it, short and sweet. We’ll go from there. 

the reno project is the op

[Hardcore troubadour 15,478]

Just now, Herbivore said:

the reno project is the op

The cost of the Reno project is the OP. You idiot. 

[Herbivore 1,134]

Just now, Hardcore troubadour said:

The cost of the Reno project is the OP. You idiot. 

so its been said

[thegeneral 3,223]

7 minutes ago, RaiderHaters Revenge said:

Why is govt money manipulation ok with you?

Not the question I asked (you said the “libitards”wanted to keep poor people paying higher interest rates) why do you think interest rates were kept high?

To answer your question yes I’m ok with the government having a say in fiscal policy, the Fed being as independent as possible works for me. Powell in particular has done a good job IMO.

[RaiderHaters Revenge 4,356]

5 minutes ago, thegeneral said:

Not the question I asked (you said the “libitards”wanted to keep poor people paying higher interest rates) why do you think interest rates were kept high?

To answer your question yes I’m ok with the government having a say in fiscal policy, the Fed being as independent as possible works for me. Powell in particular has done a good job IMO.

Interest rates are kept high to prevent people from getting loans and buying houses. That thought process allegedly helps keep inflation from rising.

printing billions during covid messed that all up 

[thegeneral 3,223]

1 minute ago, RaiderHaters Revenge said:

Interest rates are kept high to prevent people from getting loans and buying houses. That thought process allegedly helps keep inflation from rising.

printing billions during covid messed that all up 

Perfect. Inflation stabilized and we avoided the recession that everyone was predicting so far coming out of an unpredicted global catastrophe.

I’d give the Fed and Powell some credit here.

[RaiderHaters Revenge 4,356]

15 minutes ago, thegeneral said:

Perfect. Inflation stabilized and we avoided the recession that everyone was predicting so far coming out of an unpredicted global catastrophe.

I’d give the Fed and Powell some credit here.

So you’re not one of the mahhh tariffs retards then

Back to my point higher interest rates fock the middle class either way  

but let’s keep them paying rent to China 

[thegeneral 3,223]

3 minutes ago, RaiderHaters Revenge said:

So you’re not one of the mahhh tariffs retards then

Back to my point higher interest rates fock the middle class either way  

but let’s keep them paying rent to China 

Not sure what the tariff comment is referencing.

Interest rates were/ are being kept high out of necessity and now caution. Played a big role in avoiding (so far ) a recession. 

[Ron_Artest 1,562]

4 minutes ago, thegeneral said:

Not sure what the tariff comment is referencing.

Interest rates were/ are being kept high out of necessity and now caution. Played a big role in avoiding (so far ) a recession. 

The tariff comment was meant for me in that I stated correctly  that interest rates are not going down because of the tariffs. What he doesn't understand is that terrorists are inflationary. Pretty much all economists agree. J Powell has even come out and confirmed that.

Primary responsibility of the Fed is to control inflation. Not to make housing affordable for people.