"Trump launched his latest attack on Powell during a press conference with Israel's 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 gross incompetence. Trump boasted about what he said was the great state of the US economy, before adding that it was so, despite the fact that we have a fool at the Federal Reserve."
"I mean, Biden reappointed him. It's too bad. You would have thought he wouldn't have done that, Trump said, without any acknowledgment that he had first appointed Powell himself, in 2018. But he's an absolute fool, the president continued, who's building a new Federal Reserve, or he's doing a renovation of a building."
"Bibi, he's up to $4.1bn to do a renovation of a few small buildings, Trump said, inflating the cost of the renovation, which, as Powell pointed out to Trump on camera this summer, is $2.5bn. It's the highest price in the history of construction, Trump went on."
Donald Trump attacked Federal Reserve Chair Jerome Powell at a press conference with Israel's prime minister, calling Powell a fool and suggesting he might sue for gross incompetence. Trump repeated an inflated claim that the Fed headquarters renovation cost $4.1 billion, despite the actual figure being $2.5 billion. Trump praised the US economy while criticizing Powell and expressed a desire to fire him, without noting that he originally appointed Powell in 2018. Trump contrasted the alleged Fed renovation expenses with the lower cost he expects for a proposed White House ballroom project.
Read at www.theguardian.com
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