Trump renewed his threat to sue Federal Reserve Chair over the handling of headquarters renovations and said a new Fed chair pick will be announced in January
US President Donald Trump on Monday reiterated his threat to file a lawsuit against Federal Reserve Chair Jerome Powell, accusing him of “gross incompetence” over the handling of renovation works at the Fed’s headquarters in Washington.
Speaking to reporters in Florida, Trump also said he intends to announce his choice for the next Federal Reserve chair sometime in January.
“I do, still do — hasn’t changed,” Trump said at a press conference Monday, when asked if he has a favorite candidate. “I’ll announce him at the right time. There’s plenty of time.”
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“Powell should resign” he added and said that he’d “love to fire him.”
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