Democracy Dies in Darkness

Trump says he might sue Fed Chair Jerome Powell for ‘gross incompetence’

It isn’t clear what specific claims could be brought against Powell or when.

President Donald Trump and Federal Reserve Chair Jerome H. Powell look over a document during a July visit to the Federal Reserve in Washington. (Julia Demaree Nikhinson/AP)

President Donald Trump on Monday said he might sue Federal Reserve Chair Jerome H. Powell for what the president called “gross incompetence,” injecting new tension into the already strained relationship between the White House and the independent central bank.

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