{"id":2473819,"date":"2025-08-12T12:07:02","date_gmt":"2025-08-12T16:07:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-weighing-lawsuit-against-powell-over-fed-building-renovation\/"},"modified":"2025-08-12T12:07:48","modified_gmt":"2025-08-12T16:07:48","slug":"trump-weighing-lawsuit-against-powell-over-fed-building-renovation","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-weighing-lawsuit-against-powell-over-fed-building-renovation\/","title":{"rendered":"Trump weighing lawsuit against Powell over Fed building renovation"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftrump-weighing-lawsuit-against-powell-over-fed-building-renovation%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2473819&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Former President Donald Trump is considering filing a lawsuit against Federal Reserve Chairman Jerome Powell over the Fed headquarters renovation going considerably over budget.The renovation, initially estimated at $3.1 billion, <a href=\"https:\/\/amzn.to\/3YuVZYV\" >reportedly exceeded costs<\/a> by approximately $700 million. Trump criticized Powell&#8217;s management of the project, calling it grossly incompetent and claiming the renovation should have cost around $50 million. The dispute escalated after a recent tour of the Fed building where Trump and Powell clashed over the actual expenses. Trump also criticized Powell for his handling of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/5-reasons-making-taxpayers-pay-off-student-loans-is-a-rotten-idea\/\" title=\"5 Reasons Making Taxpayers Pay Off Student Loans Is A Rotten Idea\">interest rates<\/a>, accusing him of being slow to respond to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/erickson-a-moment-for-jim-demint\/\" title=\"ERICKSON: A Moment For Jim DeMint\">economic issues<\/a>. The potential lawsuit follows recent changes in the Federal Reserve leadership and Trump&#8217;s ongoing scrutiny of Powell&#8217;s performance.  <\/p>\n<div id=\"ld-4686-3758\"><\/div>\n<p><script>(function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:14832835450050406,size:[0, 0],id:\"ld-4686-3758\"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src=\"https:\/\/cdn2.decide.dev\/_js\/ajs.js\";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,\"script\",\"ld-ajs\");<\/script><\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-header-search-button-mob dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-mobile-search-icon td-icon-search\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><span class=\"tdb-mobile-menu-button\"><i class=\"tdb-mobile-menu-icon td-icon-mobile\"><\/i><\/span><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div class=\"tdb-drop-down-search\" aria-labelledby=\"td-header-search-button\">\n<div class=\"tdb-drop-down-search-inner\">\n<form method=\"get\" class=\"tdb-search-form\" action=\"https:\/\/www.washingtonexaminer.com\/\"><\/form>\n<div class=\"tdb-aj-search\"><\/div>\n<\/div>\n<\/div>\n<p><a href=\"http:\/\/www.washingtonexaminer.com\/#\" role=\"button\" aria-label=\"Search\" class=\"tdb-head-search-btn dropdown-toggle\" data-toggle=\"dropdown\"><i class=\"tdb-search-icon td-icon-search\"><\/i><\/a><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<h1 class=\"tdb-title-text\">Trump weighing lawsuit against Powell over Fed building renovation<\/h1>\n<div><\/div>\n<div class=\"tdb-title-line\"><\/div>\n<\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\">\n<div id=\"Brid_2200098\" class=\"tpd-featured-video bridtv\"><\/div>\n<p>President <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" target=\"_blank\" rel=\"noopener\" title=\"Donald Trump\">Donald Trump<\/a> said Tuesday that he is weighing a lawsuit against <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/federal-reserve\/\" target=\"_blank\" rel=\"noopener\" title=\"Federal Reserve\">Federal Reserve<\/a> Chairman <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/jerome-powell\/\" target=\"_blank\" rel=\"noopener\" title=\"Federal Reserve\">Jerome Powell<\/a> for allowing the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/average-rate-on-a-30-year-mortgage-ticks-up-to-6-49\/\" title=\"Average Rate on a 30-year Mortgage Ticks Up to 6.49%\">central bank&#038;rsquo<\/a>;s renovation to go over budget.<\/p>\n<p>Estimated to cost $3.1 billion in total, the project went roughly $700 million over budget. Powell&rsquo;s oversight of the pricey renovation has drawn Trump&rsquo;s ire in recent weeks.<\/p>\n<div class=\"recommended-stories\">\n<h2>Recommended Stories<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/3497160\/trump-embrace-kennedy-center-rename\/\">Trump seems to embrace Kennedy Center rename with supposed slip<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/world\/3497065\/madonna-gaza-urges-pope-leo-to-visit\/\">Madonna urges Pope Leo to visit Gaza<\/a><\/li>\n<li><a href=\"https:\/\/www.washingtonexaminer.com\/news\/campaigns\/3497048\/trump-endorses-burt-jones-brian-kemp-georgia-governor\/\">Trump endorses Burt Jones to replace Brian Kemp as Georgia governor<\/a><\/li>\n<\/ul>\n<\/div>\n<div class=\"article-paywall\">\n<p>Trump is &ldquo;considering allowing a major lawsuit against Powell to proceed because of the horrible, and grossly incompetent, job he has done in managing the construction of the Fed Buildings,&rdquo; the president <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/115016089386029482\" target=\"_blank\" rel=\"noopener\" title=\"wrote on Truth Social\">wrote on Truth Social<\/a>. &ldquo;Three Billion Dollars for a job that should have been a $50 Million Dollar fix up. Not good!&rdquo;<\/p>\n<p>The renovation has been at the center of Trump&rsquo;s fight with Powell, whose term as the Fed chairman expires in May 2026.<\/p>\n<p>The two clashed last month when Trump and administration officials <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3481679\/trump-tours-fed-construction-powell-awkward-encounter\/\" target=\"_blank\" rel=\"noopener\" title=\"toured the Fed headquarters\">toured the Fed headquarters<\/a> in Washington to get a better understanding of the renovation taking place. Powell disputed the costs that the president cited.<\/p>\n<p>&ldquo;We&rsquo;re taking a look, and it looks like it&rsquo;s about $3.1 billion, it went up a little bit, or a lot &mdash; so the $2.7 [billion] is now $3.1 [billion],&rdquo; said Trump, who had the spending costs on a document that he brought.<\/p>\n<p>&ldquo;I&rsquo;m not aware of that,&rdquo; Powell interjected. &ldquo;I haven&rsquo;t heard that from anybody at the Fed.&rdquo;<\/p>\n<p>Earlier this month, Trump <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/3489302\/trump-would-remove-powell-in-heartbeat-if-didnt-disturb-markets\/\" target=\"_blank\" rel=\"noopener\" title=\"took a shot at the renovation\">took a shot at the renovation<\/a> in an interview with Newsmax.<\/p>\n<p>&ldquo;I know more about renovating buildings,&rdquo; he said, &ldquo;and I will tell you [Powell&rsquo;s] got $2.9 billion that they&rsquo;re spending on this thing. And really, more than that, if you include the whole project. And it&rsquo;s way over budget by hundreds of millions of dollars.&rdquo;<\/p>\n<p>&ldquo;He shouldn&rsquo;t be doing that,&rdquo; the president added. &ldquo;It&rsquo;s almost like he&rsquo;s building a palace for himself, but he&rsquo;s not going to be there much longer anyway. That&rsquo;s the good news. He&rsquo;ll never get to use it.&rdquo;<\/p>\n<p>Trump has also targeted Powell for his hesitancy to cut interest rates. Possible candidates to replace Powell, including former Fed governor Kevin Warsh and National Economic Council Director Kevin Hassett, appear more amenable to the president&rsquo;s suggestion.<\/p>\n<p>&ldquo;Jerome &lsquo;Too Late&rsquo; Powell must NOW lower the rate. Steve &lsquo;Manouychin&rsquo; really gave me a &lsquo;beauty&rsquo; when he pushed this loser,&rdquo; Trump said, referring to former Treasury Secretary Steven Mnuchin&rsquo;s endorsement of Powell for the top Fed post in 2017.<\/p>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3496610\/inflation-july-consumer-price-index-tariffs\/\" target=\"_blank\" rel=\"noopener\" title=\"INFLATION HELD AT 2.7% IN JULY, ALLAYING TARIFF FEARS\">INFLATION HELD AT 2.7% IN JULY, ALLAYING TARIFF FEARS<\/a><\/strong><\/p>\n<p>&ldquo;The damage he has done by always being Too Late is incalculable,&rdquo; he added. &ldquo;Fortunately, the economy is sooo good that we&rsquo;ve blown through Powell and the complacent Board.&rdquo;<\/p>\n<p>The lawsuit threat comes after Fed governor Adriana Kugler <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3489016\/fed-governor-adriana-kugler-unexpectedly-resigns-giving-trump-opening-for-pick\/\" target=\"_blank\" rel=\"noopener\" title=\"abruptly resigned\">abruptly resigned<\/a> earlier this month. Trump <a href=\"https:\/\/www.washingtonexaminer.com\/policy\/finance-and-economy\/3492467\/trump-adviser-stephen-miran-fed-governor\/\" target=\"_blank\" rel=\"noopener\" title=\"abruptly resigned\">tapped<\/a> one of his economic advisers, Stephen Miran, to temporarily fill the vacancy until Kugler&rsquo;s term expires on Jan. 31, 2026.<\/p>\n<\/div>\n<p> <script data-cfasync=\"false\" src=\"http:\/\/www.washingtonexaminer.com\/cdn-cgi\/scripts\/5c5dd728\/cloudflare-static\/email-decode.min.js\"><\/script><script>!function(){var g=window;g.googletag=g.googletag||{},g.googletag.cmd=g.googletag.cmd||[],g.googletag.cmd.push(function(){g.googletag.pubads().setTargeting(\"has-featured-video\",\"true\")})}();<\/script><script>var _bp=_bp||[];_bp.push({\"div\":\"Brid_2200098\",\"obj\":{\"id\":\"27789\",\"width\":\"1280\",\"height\":\"720\",\"stickyDirection\":\"below\",\"video\":\"2200098\"}});<\/script><script defer src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<div class=\"tdb-block-inner td-fix-index\"><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump considers suing Powell over Fed renovation costs<\/p>\n","protected":false},"author":2159,"featured_media":2473820,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/08\/lawsuit_threat.webp","fifu_image_alt":"","footnotes":""},"categories":[33651],"tags":[61134,4585,8975,3634],"class_list":["post-2473819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-western-journal","tag-fed-building","tag-lawsuit","tag-powell","tag-trump"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2025\/08\/lawsuit_threat.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2473819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2159"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2473819"}],"version-history":[{"count":3,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2473819\/revisions"}],"predecessor-version":[{"id":2473823,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2473819\/revisions\/2473823"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2473820"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2473819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2473819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2473819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}