President Donald Trump visited the Federal Reserve on Thursday to inspect an ongoing renovation of the central bank's Washington, D.C., buildings — and in an unusual moment, then disagreed with Fed Chair Jerome Powell about the final cost of the project.

The Fed's expensive renovation project has become a point of contention as the president seeks to pressure the central bank to lower interest rates more quickly. The renovation's cost has soared from $1.9 billion to $2.5 billion in recent years.

During the visit, Trump and Powell, accompanied by Sen. Tim Scott, the South Carolina Republican chairman of the Senate Banking Committee, stopped to address news cameras.

Trump, waving a document, claimed the costs had now reached $3.1 billion as Powell visibly shook his head in disagreement.

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