Trump threatens to sue Federal Reserve Chair Powell

President Donald Trump threatened to allow a “great case” against Federal Reserve President Jerome Powell on Tuesday, and significantly increased his efforts to force the Central Bank leader to reduce interest rates immediately.

President said Real social The case said Powell would be related to the big renovation management, which has become the focal point of Trump’s criticism in the Fed’s center of Washington DC.

Trump’s mission, who hit Powell as a “loser” and branded him “too late”, did not make clear whether such a case was in the work. The White House did not respond immediately to CNBC’s request for comments.

“Jerome ‘too late’ Powell should now reduce the ratio,” Trump wrote.

“Steve ‘Manouychin’ gave me a beauty when he pushed me this loser,

“It is not always too late to calculate the damage to the damage. Fortunately, the economy Powell and the complaint committee is very good because we blow.”

“However, I think that a major case against Powell has allowed him to continue because of his terrible and largely incompetent work to manage the construction of FED buildings.”

“Three billion dollars for a job that needs a correction of $ 50 million. Not good!” He wrote.

The Fed refused to comment on Trump’s post. But Powell and Fed before He defended ongoing renovations It provided details from two historical buildings on DC and why costs increased throughout the projects.

Powell pushed Trump back to his face last month when he claimed that he visited the construction site of the Fed building and exceeded $ 3.1 billion.

Im I haven’t heard this from anyone, Pow Powell said in response.

This is the last minute news. Please refresh for updates.

– Erin Doherty from CNBC contributed to this report.