US President Donald Trump is weighing legal action against Federal Reserve Chair Jerome Powell, tying the clash to his demand for an immediate interest rate cut.

The standoff comes after fresh inflation data showed consumer prices cooling more than expected, raising speculation over how the Fed’s next move could ripple into digital asset markets.

Bitcoin Rises On Trump-Powell News

Despite the political drama, Bitcoin price inched closer to $121,000, signaling strong market momentum.

Renovation Costs Row Puts Fed Under Pressure

In a Truth Social post, Trump said he’s considering allowing a major lawsuit to proceed against Powell over the cost of Federal Reserve building renovations.

He claimed the project should have been a $50 million “fix-up,” not a $3 billion overhaul. Report

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