Trump is considering suing Jerome Powell, White House says [View all]

Source: CNN

President Donald Trump is considering suing Federal Reserve Chair Jerome Powell, White House press secretary Karoline Leavitt said Tuesday.

[.....]

“Fortunately, the economy is sooo good that we’ve blown through Powell and the complacent Board. I am, though, considering allowing a major lawsuit against Powell to proceed because of the horrible, and grossly incompetent, job he has done in managing the construction of the Fed Buildings,” Trump wrote on his social media platform.

The Fed didn’t immediately respond to CNN’s request for a comment.

It’s possible that any case Trump is considering to pursue shares similarities with the criminal investigation that Republican Rep. Anna Paulina Luna is advocating for, alleging Powell gave false testimony in June to lawmakers regarding the Fed’s renovation plans. Since Powell’s testimony, the Fed has published more materials clarifying the statements he made under oath.

Read more: https://www.cnn.com/2025/08/12/economy/trump-lawsuit-fed-chair-powell