(24 Jul 2025)
RESTRICTION SUMMARY:
POOL
Washington, DC - 24 July 2025
1. President Donald Trump walks down construction stairs at the Federal Reserve building
2. SOUNDBITE (English) Donald Trump, U.S. President:
"Well, thank you very much everybody and it feels very good actually to be back on a construction site."
3. Cutaway of Trump speaking
4. SOUNDBITE (English) Donald Trump, U.S. President:
"You saw what we saw. And the big thing is to get it done. They have to get done. They have get it finished. And very importantly, we have to get interest rates lowered in our country. Our country is the hottest in the world right now. But the one section, people are pretty much unable to buy housing. Because the interest rates are too high. We have no inflation. We have a lot of cash coming in. The tariffs have been unbelievable now."
5. Cutaway of Trump speaking
6. SOUNDBITE (English) Donald Trump, U.S. President:
"(Reporter question: You've been to a number of construction sites, did you see mismanagement going on?)
Well, I see a very luxurious situation taking place. Let's put it that way. And I was given a very nice tour by the head of construction. And, you know, look, if you look over here, they're trying to open up the basement. When you open up a basement, first of all, it's the worst space. Always a basement is the worst place in a building. And it's also the most expensive space to build. And especially here, because you have a water line. You know, they're going down into the water, so they have to build a reverse — what's called a reverse bathtub. The water has to be kept out. It's very expensive construction, so it would have been good if they didn't build it. It would have be good if didn't do certain other things. If you look at the kind of protection in the hall, have you been able to get in the hall? You saw the protection of plywood. I mean, that was a lot of money just to protect it for a period of time. I would have done it very gingerly and easily and not have spent, you know, millions of dollars on protection. And there are things that could have been different. Look, look, there's always Monday morning quarterbacks. I don't want to be that. I want to help them get it finished. It's been going on for years, and I want help them get it finished. And what we really want to do, and I think I can speak for Tim (Sen. Tim Scott, R-SC), and I can think I speak for the entire Senate. We can speak everybody, frankly, is we want to see interest rates come down."
7. UPSOUND (English) Reporter question:
"How would you describe your talk with him? Would you say the energy was tense?"
8. SOUNDBITE (English) Donald Trump, U.S. President:
"No, I didn't think it was tense. No, I thought we had a good meeting. I really, no, there was no tension. There was no tension. I think he had more tension with my great senator to the right. He's a pretty tough cookie."
9. UPSOUND (English) Reporter question:
"Do you feel better or worse about your relationship with the Fed Chairman after this meeting?"
10. SOUNDBITE (English) Donald Trump, U.S. President:
"I feel good about it. I mean, look, I have one dispute and the dispute, there could be some things with money and, you know, where it comes from, how it's come from. How it's printed, where it's printed, all of the standard things with the Fed. But I just want to see one thing happen, very simple. Interest rates have to come down."
11. UPSOUND (English) Reporter question:
"Mr. President, if the rates are hurting families in the country, why let that keep going for another eight months? Why not just fire the chairman now?"
"I do.
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