US EditionTrump weighing lawsuit against Fed's Powell over renovations, White House says
- On August 12, 2025, President Donald Trump renewed his criticism of Federal Reserve Chair Jerome Powell, publicly threatening a major lawsuit over the Fed's costly headquarters renovation in Washington, D.C.
- Trump's legal threat follows disputes about a multi-billion-dollar modernization project originally planned for $2.5 billion but criticized by Trump as an excessive expense that should have cost $50 million.
- Last month, Trump and Powell toured the Fed's construction site, with Trump expressing interest in finishing the renovation despite accusing Powell of gross mismanagement in handling costs.
- Trump wrote on Truth Social after inflation data release, calling Powell a ‘‘loser’’ who must ‘‘NOW lower the rate’’ and claimed the economy is ‘‘sooo good’’ despite higher borrowing costs.
- Powell plans to serve until his term ends in May 2026, but Trump's renewed attacks and possible lawsuit underscore tensions over Fed independence amid calls for rate cuts and concerns about politicizing monetary policy.
120 Articles
120 Articles
Observador
Noticias ao MinutoAfter the July tension period between Donald Trump and Jerome Powell, the President of the United States now threatens him with a high cost of refurbishment of the institution's headquarters.
By Elisabeth Buchwald, CNN President Donald Trump is considering suing Federal Reserve President Jerome Powell on Tuesday, White House press secretary Karoline Leavitt. His comments came after Trump wrote earlier on Tuesday that he was “considering to allow a major lawsuit against Powell to proceed.” “Fortunately, the economy is so well that we have overtaken Powell and the complacent Board. However, I am considering allowing a major lawsuit aga…
'Lower the Rate NOW!': Trump Panics as Economy Sinks and Prices Soar, Threatens Lawsuit Against Fed Chair
Donald Trump lost it on Tuesday, threatening a “major lawsuit” against Federal Reserve Chair Jerome Powell as Americans face rising prices partly blamed on Trump’s own tariffs. In a furious post on Truth Social, Trump demanded Powell “must NOW lower the rate.” He also went after his former Treasury Secretary, Steve Mnuchin, mocking him by saying, “Steve ‘Manouychin’ really gave me a ‘beauty’ when he pushed this loser.” Trump’s anger didn’t stop …
Trump weighing lawsuit against Fed's Powell over renovations, White House says
U.S. President Donald Trump is considering a lawsuit against Federal Reserve Chair Jerome Powell related to his management of renovations at the Fed's Washington headquarters, White House spokeswoman Karoline Leavitt said on Tuesday.
Coverage Details
Bias Distribution
- 53% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
