Trump says he’d ‘love to fire’ Jerome Powell in latest attack on Fed chair
The Guardian••business
Key Points:
- Donald Trump criticized Federal Reserve Chair Jerome Powell, calling him a "fool" and suggesting he might file a lawsuit against him for "gross incompetence" related to the renovation costs of the Fed headquarters.
- Trump falsely claimed the renovation cost $4.1 billion, while Powell had previously stated the actual cost is $2.5 billion.
- Trump compared the Fed renovation to his White House ballroom project, which he said is under budget and ahead of schedule, despite recent cost estimates doubling to $400 million.
- Trump expressed frustration that President Biden reappointed Powell, ignoring that he himself appointed Powell in 2018, and indicated he plans to fire Powell by appointing a new Fed chair next year.
- Trump said
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