[Trump Mocks the High Renovation Costs of the Federal Reserve Headquarters] According to Golden Finance, on July 25, U.S. President Trump opened the White House Correspondents' Dinner by first joking about the awards at the dinner and then boasting that the cost of building the venue was far lower than that of the Federal Reserve building. Trump said: 'It’s great to be back in a place I’m very familiar with because I built it.' 'I’m very proud of it because I built it at a cost $2.9 billion less than the Federal Reserve building, which, by the way, is also much smaller in scale.'