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.
48 Articles
48 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…
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.
American Lookout
noahreport.com“Gross Incompetence” – Trump Threatens Fed Chair Jerome Powell With Lawsuit
Donald Trump is not happy with Jerome Powell. Trump threatened a lawsuit against Powell for “gross incompetence.” Trump said during a press briefing, “We’re thinking about bringing a suit against Powell for incompetence.” .@POTUS on Too Late Jerome Powell: “We’re thinking about bringing a suit against Powell for incompetence… It’s going to end up costing more than $4 billion. It’s the highest price of construction per square foot in the history…
US President Donald Trump on Monday again criticized US Federal Reserve Chairman Jerome Powell, again threatening to sue the Fed chief for what he called "gross incompetence" in connection with Powell's leadership of the renovation of the central bank's headquarters in Washington.
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