Trump Says He May Allow Lawsuit Against Powell Over Fed Renovation

Trump Considering Lawsuit Against Fed's Powell Over Renovation

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By Josh Wingrove and Joe Mathieu

August 12, 2025 at 1:55 PM UTC

Updated on

August 12, 2025 at 9:47 PM UTC

President Donald Trump said he is weighing a lawsuit against Federal Reserve Chair Jerome Powell over the renovation of the central bank’s headquarters, a project whose cost overruns have drawn scrutiny.

Trump in a social media post on Tuesday resumed his criticism of the Fed chair over the central bank’s decision to hold interest rates steady and again hammered Powell over the renovation work.