Trump says he is considering a ‘gross incompetence lawsuit’ against Fed chairman over building renovation
Donald Trump threatened a lawsuit against Federal Reserve Chair Jerome Powell, citing 'gross incompetence' regarding a costly renovation project.Summary
President Donald Trump publicly stated he is considering a lawsuit against Federal Reserve Chairman Jerome Powell, alleging “gross incompetence” in overseeing the renovation of the Federal Reserve headquarters. Trump claims the project will cost over $4 billion, significantly more than the projected $2.5 billion, and criticized Powell’s management as incompetent. He also criticized former President Joe Biden for reappointing Powell in 2022, stating it was a mistake. Trump has repeatedly attacked Powell’s performance, particularly regarding interest rate policies, and has even expressed a desire to fire him. He indicated he expects to name Powell’s replacement next month, mentioning Kevin Warsh and Kevin Hassett as potential candidates. The Federal Reserve Board of Governors has not commented on the matter.
(Source：The Independent)