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Trump Considers Lawsuit Against Fed Over Renovation Costs

12/30/2025

Summary

Story summary

U.S. President Donald Trump is considering a lawsuit against Federal Reserve Chair Jerome Powell over renovations at the Fed's headquarters.
He criticized the project’s cost and management during a press conference with Israeli Prime Minister Benjamin Netanyahu, calling it "gross incompetence."
The Federal Reserve countered Trump’s claims, stating the renovation was approved in 2017.
He plans to announce his choice for the next Fed chair in January 2025.

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Story summary

U.S. President Donald Trump is considering a lawsuit against Federal Reserve Chair Jerome Powell over renovations at the Fed's headquarters.
He criticized the project’s cost and management during a press conference with Israeli Prime Minister Benjamin Netanyahu, calling it "gross incompetence."
The Federal Reserve countered Trump’s claims, stating the renovation was approved in 2017.
He plans to announce his choice for the next Fed chair in January 2025.