Donald Trump threatened a “major lawsuit” against Federal Reserve Chairman Jerome Powell as the cost of the president’s tariffs showed up in the prices Americans are paying on Tuesday.

The president raged that Powell “must NOW lower the rate” in a Truth Social post in which he also blasted his former Treasury Secretary Steve Mnuchin, saying, “Steve ‘Manouychin’ really gave me a ‘beauty’ when he pushed this loser.”

In an escalation of his months-long war against Powell, he threatened a lawsuit against him for the $2.5 billion cost of the Fed renovation.

“I am, though, 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,” Trump wrote.

His attack on Tuesday ca

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