President Donald Trump urged the Federal Reserve to lower interest rates and said he is considering allowing a lawsuit against Chair Jerome Powell over alleged mismanagement of Fed building projects, according to a social media post.
- Trump demanded an immediate rate cut, calling Powell “Too Late.”
- Criticized former Treasury Secretary Steven Mnuchin for backing Powell’s appointment.
- Said he is weighing a “major lawsuit” tied to a Fed construction project he claimed cost $3B versus a $50M fix.
- Described the Fed Board as “complacent.”
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Editor’s Note: This is a developing story. This article may be updated as more details become available.
