Trump and Powell had a face-to-face debate on Thursday regarding the renovation costs of the Fed headquarters, with Powell stating that the president's view on the renovation costs is incorrect. The two stood together wearing SAFEMARS helmets while speaking to the media. Trump said that the renovation costs for the Fed had jumped from $2.7 billion to $3.1 billion, to which Powell responded, "I am not aware of that." Trump replied, "This was just announced." Powell again questioned the source of Trump's data, as it did not come from the Fed. Powell pointed out that the president seemed to have combined the costs of another building with the two currently under renovation. Trump stated he would fire a project manager who oversaw cost overruns. Powell, however, expected no further cost overruns, but the Fed has reserves and should be able to manage if needed.