Friday January 02, 2026

Trump threatens to sue Powell over Fed's HQ renovation

Published : 30 Dec 2025, 03:10

DF News Desk

U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, Dec. 10, 2025. File Photo: Xinhua.

U.S. President Donald Trump on Monday again threatened to sue Fed Chair Jerome Powell over the renovation of the Federal Reserve's headquarters, reported Xinhua.

"We're thinking about bringing a suit against Powell for incompetence," said Trump at a press conference with Israeli Prime Minister Benjamin Netanyahu in Florida.

Trump said the renovation project at the central bank's headquarters in Washington, D.C. is "gross incompetence against Powell," adding that "the guy's just incompetent. There's nothing you can do about it."

Trump previously threatened to bring a lawsuit against Powell in August. The Fed has posted an explainer on its website on the grounds for cost overruns in the project.

"He should resign. It would be a favor to the nation ... I'd love to fire him," said Trump.

Trump added that he would announce his nomination for the next Fed chair sometime in January. Powell's leadership term ends in May 2026.