Trump Threatens Allowing ‘Major Lawsuit’ Against Fed Chair Powell Over Central Bank Renovation
President Donald Trump and Federal Reserve Chair Jerome Powell tour the Federal Reserve’s $2.5 billion headquarters renovation project on in Washington on July 24, 2025. Chip Somodevilla/Getty Images President Donald Trump has escalated his criticism of Federal Reserve Chair Jerome Powell, threatening to allow a “major lawsuit” against him over the central bank’s multibillion-dollar headquarters