President Donald Trump renewed his threat to sue Federal Reserve Chair Jerome Powell, accusing him of "gross incompetence" over renovations at the Fed's Washington headquarters.
Speaking in Palm Beach, Trump said he will name his pick for the next Fed chair in January but offered no details on any legal action.
The remarks highlight ongoing tension between the White House and the Fed's leadership, though no formal lawsuit has been announced.
Palm Beach, Florida, Dec. 29 — U.S. President Donald Trump on Monday renewed his threat to sue Federal Reserve Chair Jerome Powell, accusing him of what Trump called "gross incompetence" in his handling of renovations at the Fed's Washington headquarters.
Speaking to reporters in Florida, Trump said he plans to announce his choice for the next Federal Reserve chair sometime in January. He framed the dispute as evidence of broader dissatisfaction with Powell's leadership, but provided no specifics about the legal grounds or timetable for any potential lawsuit.
"Gross incompetence," Trump said of Powell, repeating earlier criticisms related to the renovation project.
Legal experts say suing the head of the Fed would face significant procedural and jurisdictional hurdles, and there was no immediate sign of any formal filing. The comments underscore persistent tensions between the White House and Federal Reserve leadership amid ongoing debates over monetary policy and institutional oversight.
While the dispute centers on renovations at the Fed's headquarters, it highlights the fraught relationship between the administration and an independent central bank. The Fed's policy decisions and leadership appointments are closely watched by markets and policymakers, making any public dispute notable.
Reporting by Andrea Shalal; Writing by Ryan Patrick Jones; Editing by Rosalba O'Brien.
