Bush attended the swearing in of Ben Bernanke. Since returning to the White House in January, Trump has relentlessly criticized Powell for not lowering interest rates, labeling the Fed chairman "too late" for holding interest rates steady.

President Donald Trump and Federal Reserve Chairman Jerome Powell went back and forth about the costs of ongoing renovations at the Fed headquarters in Washington. The rare Fed visit came as Trump and his administration ramp up criticism of the central bank chairman and urge him to lower interest rates.

The fact-check came in real time, and on camera, as Trump handed Powell a folded piece of paper with the higher cost estimate.