Trump says may allow lawsuit against Fed chair over renovations

TDT | Washington

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President Donald Trump said Tuesday he might allow "a major lawsuit against" the US central bank chief to proceed, as he complained again about renovations to the Federal Reserve headquarters and renewed pressure to lower interest rates.

"The damage he has done by always being Too Late is incalculable," Trump wrote of Fed Chair Jerome Powell on his Truth Social platform.

He added that he is thinking of allowing a lawsuit taking aim at Powell's oversight on the renovations in Washington, but did not offer more details.

Trump has repeatedly lashed out at Powell this year over the Fed's decisions to keep interest rates steady since its last cut in December.

Policy makers have been cautiously monitoring the effects of Trump's wide-ranging tariffs on the world's biggest economy, as they mulled the right time to lower rates further. This is because it takes time for levies to filter through to consumer prices.