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Trump calls Fed chair Powell a 'fool,' threatens lawsuit over headquarters renovation

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3 hours ago

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 then-President Joe Biden in 2021, will see his term as chair expire in May. The president defended his project to build a ballroom at the White House and...

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3 hours ago
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