Trump Demands Rate Cut, Threatens Lawsuit Against Fed Chairman

3 weeks ago President Trump is threatening to sue the Federal Reserve chairman. Donald Trump continues to fume over Fed Chairman Jerome Powell’s reluctance to lower interest rates. In a social media post, he blames his first-term Treasury Secretary for recommending Powell and calls the chairman a “loser” — the latest in a long list of derogatory names. And the president now says he’s considering a “major lawsuit” against Powell for the costly renovation of the Federal Reserve building.