“Gross Incompetence” – Trump Threatens Fed Chair Jerome Powell With Lawsuit
The Noah Report homepage has 60 new headlines every 24 hours - click here to see it.
Donald Trump is not happy with Jerome Powell.
Trump threatened a lawsuit against Powell for “gross incompetence.”
Trump said during a press briefing, “We’re thinking about bringing a suit against Powell for incompetence.”
.@POTUS on Too Late Jerome Powell: “We’re thinking about bringing a suit against Powell for incompetence… It’s going to end up costing more than $4 billion. It’s the highest price of construction per square foot in the history of the world.” pic.twitter.com/mk4NVuFdIr
— Rapid Response 47 (@RapidResponse47) December 29, 2025
President Donald Trump verbally attacked Federal Reserve Chairman Jerome Powell again Monday, teasing a possible lawsuit against the man for “gross incompetence.”
Trump has attacked the chairman many times this year for his decisions regarding the country’s interest rates, and has pushed to remove Powell from office. However, courts and experts have warned that he cannot fire Powell without sufficient cause, which typically refers to severe misconduct or negligence, not policy disagreements and personal opinions.
The president hinted that the lawsuit would be connected to the increasing cost of renovations to Federal Reserve buildings, stating that the chairman has allowed the expected cost to skyrocket.
“We’re thinking about bringing a suit against Powell for incompetence,” the president said at a press briefing. “Because think of it, these aren’t outstanding buildings. These are small buildings. It’s gross incompetence against Powell … The guy’s just incompetent. There’s nothing you can do about it.”
Trump is upset with the cost of the renovations for the Federal Reserve buildings.
Trump had earlier this year threatened to bring a lawsuit against Powell, though he did not provide details at the time. The president has fixated on the cost of renovations to Federal Reserve buildings, accusing Powell of allowing the cost to balloon.
