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US President Donald Trump stands next to the chairman of the federal reserve system Jerome Powell during a tour of the Federal Reserve Council building, which is currently being repaired in Washington, Columbia District, July 24, 2025.
Kent Nishimura | Reuters
President Donald Trump Tuesday threatened to allow the “main lawsuit” against Federal Reserve Chairman Jerom Powell to continue by growing pressure on Central Bank Leader cut interest rates.
Trump said in The truth is social Place the lawsuit linked to the Powell’s Guide Expensive Update on Fed Headquarters In Washington, the Colombia District, which the president had previously criticized.
Trump did not say if this claim could be filed or anyone.
“Jerome” too late “Powell should now reduce the rate,” Trump wrote in the mail.
“Steve” Manuichin “really gave me” beauty “when he pushed this loser,” Trump wrote, citing his first term Minister Stephen Mnuchin He encouraged him to highlight Powell as the Fed Chairs in 2017.
“The damage he caused is always too late, countless. Fortunately, the economy is so good that we blowed through the Powell and the Cardiac Council,” Trump said.
“However, I consider the possibility of a major lawsuit against Powell to act out of the terrible and rude incompetent work he did in the management of the Fed buildings.”
“Three billion dollars for the work that was supposed to be fixed $ 50 million. Not good!” He wrote.
The White House did not immediately respond to CNBC’s request for a comment on the presidency.
The Fed refused to comment on Trump’s position.
Powell and Fed were before defended permanent repairs From two historic buildings in the DC, which houses the Central Bank, and explained why the costs increased during the projects.
Powell pushed from Trump to face last month when the president visited the construction site and claimed that the upgrade costs had led $ 3.1 billion.
“I didn’t hear it from anyone,” Powell said.
Trump took place against Powell for several months when he was pressure on the Central Bank to quickly reduce interest rates by several percentage points.
Trump claims that this will save large sums of the US by reducing borrowing costs to finance government operations.
After raising federal funds level in 2022 after the COVID-19 pandem Joe BidenTerm in the office.
But so far, 2025 he constantly supported the rates, giving up Trump’s demands.
In the testimony of Congress in July Powell said Tariff policy.
Fed representatives in June noted that this year there are two declines.
Currently traders are waiting Reduction of frequency in a quarter after the September meeting of the open market. Expectations increased for further cuts after FOMC meetings in October and December.
. Erin Dogerti CNBC contributed to this report.
