#Trump says he might sue Chair Powell over renovations at the Federal Reserve #politics
Bloomberg Television·2025-08-12 19:34
Political Commentary - President Trump is considering suing Fed Chair Jerome Pal over the Federal Reserve building's construction management [1] - This action is viewed as a distraction tactic by the president [1] - The feasibility of a lawsuit against Jerome Pal is questioned, citing the need for demonstrable harm and wrongdoing [2] - The speaker notes Trump's pattern of threatening or initiating lawsuits, often resulting in settlements or losses [3] - Trump attributes blame to Steve Minutuchin for the appointment of the Fed chair [3] - Trump urges the Fed chair to lower the interest rate immediately [3] - The Fed chair cannot unilaterally lower the rate, and the next Fed meeting is scheduled for September 17th [3]