\n<\/p>\n
Donald Trump launched another attack against Federal Reserve chair Jerome Powell on Monday, calling the central banker a \u201cfool\u201d and once again suggesting he would like to fire him.<\/p>\n
Trump launched his latest attack on Powell during a press conference with Israel\u2019s prime minister Benjamin Netanyahu, repeating false claims about the cost of a renovation of the central bank headquarters, and told reporters that he might file a lawsuit against Powell for \u201cgross incompetence\u201d.<\/p>\n
Trump boasted about what he said was the great state of the US economy, before adding that it was so, \u201cdespite the fact that we have a fool at the Federal Reserve.\u201d<\/p>\n
\u201cI mean, Biden reappointed him. It\u2019s too bad. You would have thought he wouldn\u2019t have done that,\u201d Trump said, without any acknowledgment that he had first appointed Powell himself, in 2018.<\/p>\n
\u201cBut he\u2019s an absolute fool,\u201d the president continued, \u201cwho\u2019s building a new Federal Reserve, or he\u2019s doing a renovation of a building.\u201d<\/p>\n
Turning to the Netanyahu, Trump then repeated a false claim about the cost of the renovation for the central bank headquarters he has been making for months.<\/p>\n
\u201cBibi, he\u2019s up to $4.1bn to do a renovation of a few small buildings,\u201d Trump said, inflating the cost of the renovation, which, as Powell pointed out to Trump on camera this summer, is $2.5bn.<\/p>\n
\u201cIt\u2019s the highest price in the history of construction,\u201d Trump went on.<\/p>\n
The president then suggested that the \u201cmagnificent, big, beautiful ballroom that the country has wanted, that the White House has wanted for 150 years\u201d, which he is building in place of the demolished East Wing of the White House, will cost \u201ca tiny fraction of that number\u201d.<\/p>\n
\u201cGorgeous monuments are built for a much smaller price\u201d than the Federal Reserve renovation, Trump said. \u201cSo we\u2019re thinking about bringing a gross incompetence, what\u2019s called a gross incompetence lawsuit, it\u2019s gross incompetence, against Powell,\u201d the president told reporters. \u201cI\u2019d love to fire him. Maybe I still might,\u201d said Trump<\/p>\n
On the ballroom, Trump said, \u201cwe\u2019re under budget and ahead of schedule.\u201d<\/p>\n
He then immediately contradicted himself, by acknowledging that the latest cost estimate for the ballroom, $400m, is double the $200m he said it would cost a few months earlier.<\/p>\n
The increased cost, Trump said, came \u201cafter realizing that we\u2019re gonna do the inauguration in that building\u201d, which required \u201call bullet-proof glass\u201d and a \u201cdrone-free roof, so drones won\u2019t touch it\u201d.<\/p>\n
Trump will appoint Powell\u2019s successor next year. Pushed to say more about who he had in mind for the new Fed chair, Trump said he plans to announce his pick sometime in January.<\/p>\n","protected":false},"excerpt":{"rendered":"
Donald Trump launched another attack against Federal Reserve chair Jerome Powell on Monday, calling the central banker a \u201cfool\u201d and once again suggesting he would like to fire him. Trump launched his latest attack on Powell during a press conference with Israel\u2019s prime minister Benjamin Netanyahu, repeating false claims about the cost of a renovation<\/p>\n","protected":false},"author":1,"featured_media":39536,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[673,2431,4437,319,77,21423,4438,1193,1253,4439,517,81],"class_list":{"0":"post-39535","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-attack","9":"tag-chair","10":"tag-fed","11":"tag-federal","12":"tag-fire","13":"tag-hed","14":"tag-jerome","15":"tag-latest","16":"tag-love","17":"tag-powell","18":"tag-reserve","19":"tag-trump"},"_links":{"self":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/39535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39535"}],"version-history":[{"count":0,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/39535\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/media\/39536"}],"wp:attachment":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}