Trump Ponders Lawsuit Against Powell Over Fed Costs

President Trump has hinted at potential legal action against Federal Reserve Chair Jerome Powell, relating to elevated renovation costs for the Fed’s headquarters and policy disagreements during Powell’s tenure. While no official response from either the White House or the Federal Reserve has been issued, this proposal could escalate scrutiny of Powell’s leadership and potentially influence financial markets. The exact impact remains unclear as Trump’s statement doesn’t entail formal legal action.