The insinuation was unmistakable. Trump has long bristled at Powell’s resistance to his repeated demands for interest rate cuts, and this public confrontation appeared to be an attempt to link financial mismanagement to Powell’s broader performance as Fed chair.

Federal Reserve Chair Jerome Powell called President Donald Trump a liar to his face on Thursday during a public appearance at the Fed’s Washington

Both wearing hard hats, the Federal Reserve chairman and the US president sparred over cost overruns during a tour of the central bank’s renovation project.