Trump threatens to sue Fed's Powell, will announce replacement next month
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FILE PHOTO: U.S. President Donald Trump and Federal Reserve Chair Jerome Powell speak during a tour of the Federal Reserve Board building, which is currently undergoing renovations, in Washington, D.C., U.S., July 24, 2025. REUTERS/Kent Nishimura/File Pho
PALM BEACH, Florida, Dec 29 (Reuters) - U.S. President Donald Trump on Monday renewed his threat to bring a lawsuit against Federal Reserve Chair Jerome Powell for what he called "gross incompetence" related to Powell's management of renovations at the Fed's Washington headquarters.
Speaking to reporters in Florida, Trump also said he plans to announce his pick for the next chair sometime in January.
(Reporting by Andrea Shalal; Writing by Ryan Patrick Jones; Editing by Rosalba O'Brien)
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