Politics8/12/2025Bloomberg

Trump Says He May Allow Lawsuit Against Powell Over Fed Renovation

Trump Says He May Allow Lawsuit Against Powell Over Fed Renovation

President Donald Trump is considering suing Federal Reserve Chair Jerome Powell over the renovation of the central bank's headquarters. The renovation project has faced criticism due to its cost overruns. Trump expressed his discontent with the Federal Reserve's handling of the renovation, stating that he may allow a lawsuit against Powell. The president has been vocal in his criticism of the Federal Reserve's monetary policy decisions, and this potential lawsuit appears to be another point of contention between Trump and the central bank. The article does not provide further details on the specific grounds for the lawsuit or the potential legal implications. However, it highlights the ongoing tensions between the Trump administration and the Federal Reserve, particularly regarding the management of the central bank's operations and finances.

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