AssetID: 54981999
Headline: UNCAPTIONED: President Trump Threatens Lawsuit Against Fed Chair Powell
Caption: President Trump Threatens Lawsuit Against Fed Chair Powell. President Trump may sue Fed Chair Powell over rising renovation costs at the central bank’s Washington HQ. The $1.9B renovation has surged to $2.5B, sparking White House concern. Trump cited cost overruns to accuse Powell of mismanagement and urge his removal. Trump again slammed Powell for being too slow to cut interest rates. Trump and Powell have long clashed over rate cuts vs. data-driven policy. Powell’s term ends May 2026; Trump plans to appoint a loyal successor. The Fed says the upgrades are vital for the HQ’s safety and function. With inflation remaining elevated at 2.7%, Powell remains cautious about lowering interest rates, despite growing political pressure. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Trump,Jerome Powell,Federal Reserve,lawsuit,Fed renovation costs,interest rates,inflation,monetary policy,Trump vs Powell,2025 news
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