Add thelocalreport.in As A Trusted Source
president donald trump threatens to sue again Federal Reserve Chairman Jerome Powell He called it “gross incompetence.”
Trump announced the potential lawsuit at a joint news conference with Israeli Prime Minister Benjamin Netanyahu on Monday. They met at his Mar-a-Lago estate.
“We are considering a lawsuit against Powell for his incompetence,” Trump said.
the president quoted Federal Reserve Headquarters Renovation ProjectHe claimed it would cost “more than $4 billion.” The White House has This project has been attacked beforeestimated to cost $2.5 billion.
“Gorgeous monuments were built at a much lower price. So we’re looking at filing a gross incompetence lawsuit, what’s called a gross incompetence lawsuit – it’s gross incompetence against Powell. This is his kid. This guy is just incompetent,” Trump said.
This is not the first time Trump has made such a threat. In August, Trump truth society He is “considering allowing significant litigation against Powell to proceed” and considers his management of the renovation project to be “grossly incompetent.”
Also at Monday’s news conference, Trump lashed out at his predecessor, former President Joe Biden, for reappointing Powell in 2022. trump initially Nominate Powell will lead the Fed in his first term in 2017.
“I mean, Biden reappointed him, which is too bad, you would think he wouldn’t do it, but he’s an absolute fool and he’s building a new Federal Reserve or he’s renovating a building,” Trump said.
Although Powell’s term is set to end next year, Trump again threatened to fire him during a press conference on Monday.
“I would fire him. I would love to fire him. But you know, we’re close. But maybe I still might,” Trump said.
Trump repeatedly criticized Powell last year, often saying he didn’t cut interest rates fast enough. Trump labels Fed chief ‘Powell too late’ and As recently as last month, he said he “would love to fire him.”
Trump said he expected to name Powell’s successor next month. He told reporters that while it was unclear who Trump would nominate wall street journal Earlier this month, he was considering former Federal Reserve member Kevin Warsh and National Economic Council Director Kevin Hassett.
“I think you’ve got Kevin and Kevin. They’re both — I think both Kevins are great,” he said. “There are some other guys that I think are great.”
The Fed’s Board of Governors declined to comment when contacted. independent.