‘Loser’: Trump threatens lawsuit against Fed chief Powell over HQ revamp, demands immediate rate cut

US President Donald Trump has intensified his feud with Federal Reserve Chair Jerome Powell, blasting him over what he calls a $3 billion renovation of the Fed’s Washington headquarters. In a fiery Truth Social post, Trump labeled Powell 'grossly incompetent,' claiming the project should have cost just $50 million and accusing him of hurting the economy by 'always being too late' on interest rate cuts.