President Donald Trump said Tuesday that he is weighing a lawsuit against Federal Reserve Chairman Jerome Powell for allowing the central bank’s renovation to go over budget.
Estimated to cost $3.1 billion in total, the project went roughly $700 million over budget. Powell’s oversight of the pricey renovation has drawn Trump’s ire in recent weeks.
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Trump is “considering allowing a major lawsuit against Powell to proceed because of the horrible, and grossly incompetent, job he has done in managing the construction of the Fed Buildings,” the president wrote on Truth Social . “Three Billion Dol