Trump threatens to sue Fed's Powell, will announce replacement next month

BY Reuters | ECONOMIC | 12/29/25 04:31 PM EST

PALM BEACH, Florida, Dec 29 (Reuters) - U.S. President Donald Trump on ?Monday renewed ?his threat to ?bring a ?lawsuit against ?Federal Reserve Chair ?Jerome Powell ?for what he called "gross ?incompetence" ?related ?to Powell's management of renovations at the ?Fed's Washington headquarters.

Speaking to reporters in Florida, Trump ?also ?said he plans to announce his ?pick for the next chair sometime in January.

(Reporting by Andrea ?Shalal; Writing by Ryan Patrick Jones; Editing ?by Rosalba O'Brien)

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