Why Trump is threatening a ‘major lawsuit’ against the Fed Chair | The IndependentNotifications can be managed in browser preferences.Jump to contentIndependentSwipe for next articleIndependent Bulletin homepageDownload ourSocial PartnerWe are 8 logo (opens in a new tab)AllNewsSportCultureLifestyleKatie HawkinsonTuesday 30 December 2025 00:07 GMTTrump and Netanyahu face middle east testsPresident Donald Trump announced he is considering a lawsuit against Federal Reserve Chair Jerome Powell, accusing him of “gross incompetence.”The threat was made at a press conference with Israeli Prime Minister Benjamin Netanyahu at Trump's Mar-a-Lago residence.Trump based his accusation on the Federal Reserve headquarters renovation project, which he claimed would cost “more than $4 billion.”This is not the first time Trump has threatened legal action against Powell, having made similar remarks in August.Trump also criticized Joe Biden for reappointing Powell and reiterated his desire to dismiss the Fed chair, stating he expects to name a replacement next month.In fullTrump says he is considering a ‘gross incompetence lawsuit’ against Fed chairman over building renovationThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in