JUST IN: 🇺🇸 President Trump says he is considering a major lawsuit against Fed Chair Jerome Powell.

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Here’s the latest: Yes, on August 12, 2025, President Donald Trump stated that he is considering a “major lawsuit” against Federal Reserve Chair Jerome Powell, centering on the cost overruns and alleged mismanagement of the $2.4–$2.5 billion renovation of the Fed's headquarters . Trump described Powell’s work as “horrible” and “grossly incompetent,” and explicitly tied his consideration of legal action to that judgment . $BTC $ETH