Trump mulls lawsuit against Fed chair

President Donald Trump said on Tuesday he might allow “a major lawsuit against” the US central bank chief to proceed, as he complained again about renovations to the Federal Reserve headquarters and renewed pressure to lower interest rates. “The damage he has done by always being Too Late is incalculable,” Trump wrote of Fed Chair Jerome Powell on his Truth Social platform. He added that he is thinking of allowing a lawsuit taking aim at Powell’s oversight on the renovations in Washington, but did not offer more details. Trump has repeatedly lashed out at Powell this year over the Fed’s decisions to keep interest rates steady since its last cut in December.