The ongoing feud between President Trump and Jerome Powell has taken a sharp turn, as Trump is now threatening legal action against the Fed Chair.
Trump Blasts Powell Over Fed Building Costs
In a latest post on Truth Social, Trump expressed his frustration with how Powell handled repairs on construction relating to Federal Reserve buildings and accused him of massive overspending and mismanagement.
“Three Billion Dollars for a job that should have been a $50 million fix-up. Not good,” he said. Because of this, Trump is considering allowing a major lawsuit against Powell for what he calls a “horrible and grossly incompetent” job.
The Trump administration has previously criticized Powell over the renovation costs. Recently, Russell Vought, the budget chief, accused Jerome Powell of seriously mismanaging the Federal Reserve and misleading Congress about the price and scope of the big renovation project at the Fed’s headquarters.
Powell responded, saying that the renovation has been closely overseen and that necessary re