Trump says he might sue Fed Chair Jerome Powell for 'gross incompetence' [View all]
Source: Washington Post
December 29, 2025 at 5:26 p.m. EST
President Donald Trump on Monday said he might sue Federal Reserve Chair Jerome H. Powell for what the president called “gross incompetence,” injecting new tension into the already strained relationship between the White House and the independent central bank.
Speaking at a news conference beside Israeli Prime Minister Benjamin Netanyahu at Mar-a-Lago, Trump said “the guy is just incompetent.” Trump first brought up the Fed’s multibillion-dollar renovation project, which at times has become a stand-in for Trump’s ongoing attacks on the Fed system.
“It’s gross incompetence against Powell,” Trump said, adding: “We’re going to probably bring a lawsuit against him.”
Trump threatened a “major lawsuit” against Powell over the summer, but he never followed through. It wasn’t clear what specific claims Trump was referring to Monday, or how or when a suit could be brought. The White House did not respond to a request for more information. The Fed declined to comment.
Read more: https://www.washingtonpost.com/politics/2025/12/29/trump-powell-gross-incompetence-lawsuit/
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