Former U.S. President Donald Trump has indicated he is considering legal action against Federal Reserve Chair Jerome Powell. The potential lawsuit stems from the renovation of the central bank's headquarters, a project that has faced scrutiny due to cost overruns.
Trump's comments, made in a social media post on Tuesday, reiterated his criticism of Powell. He has previously voiced disapproval of the Federal Reserve's decision to maintain steady interest rates. The post also focused on the ongoing renovation work at the Federal Reserve.
In his statement, Trump criticized Powell's performance, particularly regarding the timing of the Federal Reserve's actions. He also expressed his dissatisfaction with the management of the headquarters' construction project, describing it as "horrible, and grossly incompetent.
2 Comments
Bella Ciao
The people have been paying for the Fed for ages and Trump is the man to hold them accountable!
Habibi
If the renovations had cost a reasonable amount, there might not be a lawsuit. This is a perfectly appropriate action!