(24 Jul 2025)
RESTRICTION SUMMARY:
POOL
Washington – 24 July 2025
1. Pan of construction site at the Federal Reserve building
2. Various of construction in exterior of building
3. View of the Washington Monument obelisk from the construction site
4. Reporters walking in to the building
5. Various of construction inside the building
6. Tilt up from room under construction to a layout on the roof shaped like an eagle
7. Close of layout on the roof
8. Wide of room under construction
9. Various close of columns and details on the roof and walls
10. Various of rooms under construction
11. Various of workers moving a piece of metal
STORYLINE:
The Federal Reserve, known for its tight lips, structured formality and extraordinary power to shape the global economy, opened up a costly building renovation Thursday to reporters and President Donald Trump.
Reporters wound through cement mixers, front loaders, and plastic pipes as they got a close-up view of the active construction site that encompasses the Fed’s historic headquarters, known as the Marriner S. Eccles building, and a second building across 20th Street in Washington.
Trump plans to visit the Federal Reserve as his allies scrutinize its expensive building renovations.
It’s a highly personal and confrontational escalation of Trump’s campaign to pressure the central bank to slash interest rates.
Trump administration officials have used concerns about the Washington building overhaul to cast doubt on Fed Chairman Jerome Powell’s decision making.
The Trump administration officials are scheduled to inspect the site Thursday. The White House says the Republican president will also be visiting.
Trump has criticized Powell for months because the chair has kept the short-term interest rate the Fed controls at 4.3%. Powell says the Fed wants to see how the economy responds to Trump’s tariffs.
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