🔹US President Donald Trump threatened to allow a major lawsuit against Federal Reserve Chairman Jerome Powell, criticizing his management of the renovation of the central bank's headquarters in Washington. Trump described the project as "bad and inefficient," noting that its cost exceeded 3 billion dollars, while it was supposed to be no more than 50 million.

🔹 In a post on the "Truth Social" platform, Trump referred to Powell as a "loser" and "too late," criticizing his nomination by former Treasury Secretary Steven Mnuchin. He also renewed his call for an urgent interest rate cut, considering that the delay has caused significant damage to the US economy, despite his assertion that the economy is still strong.

🔹 The Federal Reserve defended the renovation project, explaining that the cost includes work on two historic buildings. Powell responded to Trump's criticisms during the latter's visit to the construction site, stating that he had not heard from anyone that the costs were exaggerated. This escalation comes in the context of ongoing pressures from Trump to push the Fed towards cutting rates before the upcoming elections$BTC $ETH