New Delhi, July 25 -- Donald Trump sparred with the Federal Reserve chair, Jerome Powell, on Thursday during a rare presidential visit to the central bank's headquarters. However, hours later the US president posted on Truth Social, "The cost overruns are substantial but, on the positive side, our Country is doing very well and can afford just about anything - Even the cost of this building! I'll be watching and, hopefully, adding some expertise."

Trump was continuing his campaign to pressure the Fed to cut interest rates and was visiting its Washington headquarters to view costly renovations he has suggested are tantamount to fraud.

Having branded Powell a "numbskull" for the Fed's recent decisions not to cut rates, Trump has turned up...