President Trump is 100% correct in the numbers he used on his tour of Federal Reserve (FRB) site yesterday. FRB documents show FRB 2022 Budget (below) adopted in November 2021 was $1.4 Billion for the Eccles & 1951 Building portion of the FRB HQ project and a total budget for all three buildings comprising the FRB HQ (including the Martin building) of $1.8 Billion. FRB 2025 Budget (below) shows costs for Eccles and 1951 are now $2.5 billion – a more than $1 Billion cost overrun for the current project (all incurred after Trump 45) and bringing the total cost of the Fed’s HQ renovation for all three buildings to $3.1 billion. President Trump visited the FRB to try to encourage Jerome Powell to finish this job without any more cost overruns and to get it done quickly. Thank you for your attention to this matter!