US EditionTrump revives threat to sue Powell for ‘gross incompetence’
Trump blames Fed Chair Powell for a $4 billion renovation cost overrun and plans to name a replacement in January while considering a lawsuit for gross incompetence.
- On Monday, President Donald Trump threatened legal action alleging 'gross incompetence' against Federal Reserve Chair Jerome Powell at a Mar-a-Lago press conference and said he expects to name a replacement 'next month'.
- Rising renovation costs have prompted the Federal Reserve headquarters renovation project to swell to over $3.1 billion from a $1.9 billion pre-pandemic estimate, while The White House cites more than $4 billion, a figure Jerome Powell disputes.
- Using blunt language, Trump accused Jerome Powell of incompetence, branding him an 'absolute fool' and saying 'It would be a favor to the nation... maybe I still might', urging Powell to resign.
- Legal experts note that President Donald Trump cannot remove Powell without cause, amid warnings that political pressure risks eroding Fed independence, especially after July threats triggered market concerns.
- Trump's prior appointment of Powell in 2017 contrasts with a souring relationship as top contenders include Kevin Hassett, Kevin Warsh, Christopher Waller, Michelle Bowman and Rick Rieder.
55 Articles
55 Articles
Trump's latest lawsuit threat could bury him in a legal 'avalanche': analysis
MS NOW analyst Steve Benen warns President Donald Trump’s latest ploy in his ongoing war against Federal Reserve chairman Jerome Powell now extends to “outlandish” lawsuit threats. But the legal basis of the president’s argument could become a colossal self-own in the U.S. court system if judges take Trump’s argument seriously.Trump has pressed Powell to counter the damage of Trump’s onerous tariffs by lowering interest rates, and the more Powel…
WOW: Trump Threatens Legal Action Over Fed Renovation, Slams Powell’s Leadership
President Trump is now threatening to sue Jerome Powell over his grossly over-budget Federal Reserve renovation. While speaking to reporters during a press conference at Mar-a-Lago, President Trump said he is considering a lawsuit for Powell's "incompetence" over the multi-billion dollar project.
Trump calls Fed chair Powell a 'fool,' threatens lawsuit over headquarters renovation
President Donald Trump on Monday launched a renewed attack on Federal Reserve Chair Jerome Powell, accusing Powell of "gross incompetence" and threatening to sue him over the costly renovation of the central bank's headquarters.Trump spoke at a Mar-a-Lago press conference alongside Israeli Prime Minister Benjamin Netanyahu and slammed Fed Chair Powell as a "fool." Powell, who was appointed as Fed chair by Trump in 2017 and was reappointed by the…
"We Have a Fool at the Federal Reserve" - Trump Announces Plans to Sue Fed Chair Jerome Powell for Gross Incompetence, Says he "Still Might" Fire Him
President Trump on Monday said he plans to sue Fed Chair Jerome Powell for gross incompetence over renovations at the Federal Reserve building, which have skyrocketed over budget. “He’s spending more money than any building has ever spent per square foot on the renovation,” Trump said.
Trump threatens to sue Fed Chair Jerome Powell for ‘gross incompetence’ over costly building renovation
President Trump said he is considering a lawsuit against Federal Reserve Chairman Jerome Powell for “gross incompetence” – adding that he’d love to fire “Too Late Powell” for not slashing interest rates quickly enough.
Coverage Details
Bias Distribution
- 41% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
