Trump Asked If He Saw 'Mismanagement' During Tour Of Federal Reserve Building

Forbes Breaking News

Speaking to reporters on Thursday, President Trump was asked if he saw "mismanagement" during his recent visit to the construction site of a Federal Reserve building.

Transcript

00:00been my friend for a long time a number of construction sites did you see this management

00:04going on or funds that aren't well i see a very luxurious situation taking place let's put it that

00:11way and i was given a very nice tour by the head of construction and you know look if you look over

00:17here they're trying to open up the basement when you open up a basement first of all it's the worst

00:22space always a basement is the worst space in a building and it's also the most expensive space to

00:27build and especially here because you have a water line you know you they're going down into the

00:31water so they have to build a reverse what's called a reverse bathtub the water has to be kept out it's

00:37very expensive construction so uh would have been good if they didn't build it would have been good

00:41if they didn't do certain other things if if you look at the uh kind of protection in the hall have

00:48you been able to get in the hall you saw the protection of plywood i mean that was a lot of

00:52money just to protect it for a period of time uh i would have done it very gingerly and easily and

00:58not have to spend you know millions of dollars on protection and there are things that could

01:03have been different look look there's always monday morning quarterbacks i don't want to be that

01:08i want to help them get it finished it's been going around for years and i want to help them get

01:12it finished and what we really want to do and i think i can speak for tim and i think i can speak

01:17for the entire senate we can uh speak for everybody frankly is we want to see interest rates come down

01:24our country is booming and the interest rates is a final little notch and if you look at europe they've

01:31lowered 11 times 11 times in a short period of time we've lowered zero and you know they are competition

01:39although we're in the process of probably making a very good deal with them too they they want to make

01:44a deal very badly very badly so we're making a deal we just completed our deal with indonesia we

01:50just completed our deal with the philippines we're making unbelievable deals and the money is pouring

01:57in we want to get interest rates down

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