The post Donald Trump Mulls Lawsuit Against Powell Amid Rate-Cut Push appeared on BitcoinEthereumNews.com.

U.S. President Donald Trump has revealed that he is considering Fed Chair Jerome Powell. His statement came as he also called on the U.S. Central Bank to lower rates following the July CPI data release. Donald Trump Contemplates Suing Powell as He Pushes For a Fed Rate Cut In a Truth Social post, the U.S. president said that he is considering allowing a major lawsuit against Powell to proceed over the Federal Reserve renovations costs. He said that the Fed Chair has done a “horrible and grossly incompetent job” in managing the construction of the Fed buildings. Donald Trump further remarked that $3 billion for a job that should have been a $50 fix-up is not good. As CoinGape reported last month, Powell was also criminally referred to the DOJ for perjury related to these renovation costs. This renovation costs saga has been one of the ways in which Powell continues to face pressure amid his hesitation to make a Fed rate cut. Notably, the U.S. president visited the Federal Reserve last month to inspect the ongoing renovation, where he also called for a rate cut. Meanwhile, Donald Trump’s latest remarks follow the U.S. CPI data release. The president said that Powell must now lower the interest rate. He said that the damage the Fed Chair has done by always being “Too Late is incalculable.” Trump added that, fortunately, the economy is so good that it has blown through Powell and the complacent Fed Board. CoinGape reported that the July U.S. CPI data came in at 2.7% year-over-year (YoY), below expectations of 2.8%. Meanwhile, the monthly CPI dropped to 0.2%, from the previous 0.3%. This again suggests that the Donald Trump tariffs aren’t having as much of an impact as the Fed had expected them to have on inflation. Powell…

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Filed under: News - @ August 12, 2025 6:27 pm