The Federal Reserve has responded to US President Donald Trump’s recent visit and comments on its ongoing renovation work, saying it appreciates his encouragement and remains committed to completing the project.
“We are grateful for President Trump’s support and look forward to seeing the project through to completion,” the Fed said in a statement on Friday.
The comments came a day after Trump made an unusual visit to the Fed’s headquarters, where he questioned the need for the renovation of its two historic buildings.
The central bank added, “We remain committed to continuing to be careful stewards of these resources as we see the project through to completion.”
The renovation, which began during a previous administration, has drawn criticism over its costs and timeline.