Trump Threatens Major Lawsuit Against Fed Chair Powell
President Donald Trump has intensified his criticism of Federal Reserve Chair Jerome Powell, demanding an immediate interest rate cut and warning of potential legal action over what he calls gross mismanagement of a costly construction project.
In a post on Truth Social, Trump referred to Powell as “Too Late” for his handling of rate decisions, claiming the Fed chief’s delays have caused “incalculable” economic damage. Despite this, Trump insisted the economy remains strong enough to “blow through Powell and the complacent Board,” pointing to continued growth under his leadership.
Call for Immediate Rate Cut
The president’s comments come amid renewed debate over whether the Federal Reserve should lower borrowing costs to maintain economic momentum. Trump urged Powell to act without delay, arguing that the current rate policy is unnecessarily restrictive given market conditions.
Fed Building Project Costs Spark Outrage
Beyond monetary policy, Trump accused Powell of gross incompetence in overseeing the construction of Federal Reserve buildings. According to Trump, the project’s $3 billion price tag is wildly inflated, claiming it should have cost just $50 million. He said this level of mismanagement could warrant a “major lawsuit.”
A Broader Political and Economic Clash
The feud between Trump and Powell has been ongoing since Powell’s appointment, with Trump frequently criticizing the Fed chair’s cautious approach to interest rate adjustments. This latest attack blends economic policy disputes with allegations of financial mismanagement, potentially fueling political and market tensions.
Conclusion
As the Fed faces mounting pressure over rate policy, Trump’s remarks add another layer of controversy. Whether Powell responds to the calls for a rate cut — or the threat of legal action — could shape both economic policy and political headlines in the weeks ahead.
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Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
