U.S. President Donald Trump renewed his criticism of Federal Reserve Chair Jerome Powell on Monday. He said Powell showed gross incompetence in handling renovation work at the Fed’s headquarters in Washington.
Trump made the comments while speaking to reporters in Florida. He also said he plans to announce his choice for the next Federal Reserve chair in January.
Powell’s current term as Fed chair is nearing its end. Trump has become more vocal in his criticism of Powell’s leadership.
This time, Trump focused on the renovation project at the central bank’s headquarters. He suggested the issue could lead to legal action.
The remarks added fresh tension between the White House and the Federal Reserve. They also raised questions about who will lead the central bank next and how future policy decisions could be shaped.
