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Trump Escalates Feud with Fed Chair Powell, Threatens Legal Action and Replacement

Trump Escalates Feud with Fed Chair Powell, Threatens Legal Action and Replacement

Author:

Global Cryptocurrency

Published:

2025-12-30 08:37:01

18

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BTCCSquare news:

Former U.S. President Donald TRUMP launched a scathing attack on Federal Reserve Chair Jerome Powell during a press conference at Mar-a-Lago, labeling him a "fool" and "incompetent." The remarks, made alongside Israeli Prime Minister Benjamin Netanyahu, mark the most direct assault on the Fed's leadership to date, raising concerns about the central bank's independence.

Trump threatened legal action over alleged $4 billion in renovation costs for the Fed's headquarters and hinted at announcing Powell's replacement as early as January. The confrontation has injected uncertainty into markets, with investors closely monitoring potential implications for monetary policy and financial stability.

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