In a rare and awkward public encounter, President Donald Trump and Federal Reserve Chairman Jerome Powell showcased their strained relationship during a visit to the Fed's headquarters.

Donald Trump has been bullying Federal Reserve Chair Jerome Powell—calling him “too late,” insulting his intelligence, and trying to gin up a case that Powell spent too much on renovations of the agency’s headquarters as a pretext for firing him.

President Donald Trump, after a tour of the Fed’s $2.5 billion renovation, said he didn’t want to fire Federal Reserve Chair Jerome Powell because of the plan’s cost overruns.