Trump says he'd ‘love to fire' Jerome Powell in latest attack on Fed chair

Core Viewpoint - Donald Trump criticized Federal Reserve Chair Jerome Powell, labeling him a "fool" and suggesting potential legal action for "gross incompetence" regarding the renovation costs of the Federal Reserve headquarters [1][5]. Group 1: Economic Commentary - Trump claimed the US economy is in great shape, despite his negative view of Powell's leadership at the Federal Reserve [2]. - He expressed disappointment that President Biden reappointed Powell, despite having appointed him himself in 2018 [2]. Group 2: Renovation Cost Discrepancies - Trump inaccurately stated that the renovation cost for the Federal Reserve headquarters is $4.1 billion, while the actual cost is $2.5 billion, as clarified by Powell [3]. - He described the renovation as the "highest price in the history of construction" [3]. Group 3: Comparisons and Future Plans - Trump compared the renovation costs to the construction of a ballroom at the White House, claiming it would cost "a tiny fraction" of the Federal Reserve renovation [4]. - He acknowledged that the ballroom's cost has increased to $400 million, which is double the previously stated estimate of $200 million [5]. - Trump mentioned that the increased cost is due to security requirements for the inauguration, including bullet-proof glass and a drone-free roof [6]. Group 4: Future Leadership of the Federal Reserve - Trump indicated he would appoint Powell's successor next year and plans to announce his choice in January [6].