The White House budget director echoed Trump's assertion, stating that interest rates should be lowered

Wallstreetcn
2025.07.24 21:41

Russell Vought, Director of the Office of Management and Budget at the White House: (I accompanied President Trump) the on-site inspection of the Federal Reserve building renovation was a "great" trip.

Now, we have a better understanding of the issues.

I hope the Federal Reserve building renovation project can be completed at a low cost.

It should have been done better.

We (the Trump administration) still have many questions regarding the Federal Reserve renovation.

These questions were not satisfactorily answered during the on-site inspection on July 24.

Interest rates should be lowered.

Federal Reserve Chairman Powell and Trump had good communication during the inspection trip

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