CNBC's Eamon Javers reports on news regarding the White House and the Federal Reserve.
Breakdown
- President Trump is scheduled to visit the Federal Reserve headquarters. 8s
- Renovations at the Eccles Building and an adjacent property have experienced significant cost overruns. 17s
- The Federal Reserve cites historic preservation, security upgrades, and compliance with modern standards as reasons for the increased costs. 48s
- Federal Reserve officials state that no unnecessary luxuries are being added during the renovation. 1m 27s
- President Trump is expected to use the visit to criticize the cost overruns and put political pressure on Fed Chair Jay Powell. 1m 45s