Summary
- Former President Trump publicly announced his intention to remove Fed Chair Powell.
- Trump reportedly mentioned the possibility of a lawsuit over the Fed building's construction costs.
- He said interest rates are currently too high and continued to pressure for rate cuts.
U.S. President Donald Trump criticized Jerome Powell, chair of the Federal Reserve (Fed), saying, "I want to fire Powell immediately" and that he is "extremely incompetent."
On the 19th (local time), according to the economic breaking news channel Walter Bloomberg, Trump also mentioned the issue of the Fed building's construction costs, arguing, "Powell should be sued over those costs."
He once again put pressure for a rate cut, saying, "Current interest rates are too high."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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