US EditionTrump revives threat to sue Powell for ‘gross incompetence’
Trump targets Federal Reserve Chair Jerome Powell for a lawsuit over $4 billion renovation overruns and criticizes Biden for reappointing him despite ongoing dissatisfaction.
- Trump threatened to sue Jerome Powell, the Federal Reserve chair, for 'gross incompetence' over renovation costs for Fed buildings.
- Trump said he would 'love to fire' Powell but may not since Powell's term ends soon.
- Trump hinted he has a preferred candidate to replace Powell as the next Fed chair.
24 Articles
24 Articles
Trump Again Threatens Suit Against Fed Chair Powell Over Building Renovation
President Donald Trump on Monday renewed his threat to file a lawsuit against Federal Reserve Chair Jerome Powell for what he describes as “gross incompetence” due to Powell’s alleged management of renovations at the Fed’s Washington headquarters. Trump also told reporters that he plans to unveil his pick for Powell’s successor at some point in January. Powell’s term ends in May. The latest comments revisit a longstanding dispute regarding the F…
On Monday, US President Donald Trump said that despite the upcoming end of Federal Reserve Chairman Jerome Powell's term, he has not ruled out his dismissal. He added that he is also considering filing a lawsuit against Powell, accusing him of incompetence over the cost of renovating the Fed headquarters.
Trump Threatens 'Major Lawsuit' Against Jerome Powell Over 'Gross Incompetence': Says He 'Might' Still Fire The Fed Chair
President Donald Trump escalated his long-standing feud against Federal Reserve Chair Jerome Powell, threatening legal action against the latter, and sparking fresh concerns regarding the central bank’s independence. Trump Threatens Lawsuit Over ‘Gross Incompetence’ Speaking at a news conference in Mar-a-Lago on Monday, alongside Israeli Prime Minister Benjamin Netanyahu, Trump accused Powell of “gross incompetence,” while threatening a “major l…
Trump floats 'gross incompetence' lawsuit against Powell
President Donald Trump floated filing a lawsuit alleging “gross incompetence” against Federal Reserve Chairman Jerome Powell over the costs associated with renovating the Fed headquarters. Trump renewed his feud with Powell on Monday, this time directing his complaints against the project. “They don’t know what they’re doing. They’re way over budget,” Trump bemoaned. He then sprinkled his previous criticisms of Powell in, blaming the constructio…
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