Trump Again Threatens Suit Against Fed Chair Powell Over Building Renovation

President Donald Trump on Monday renewed his threat to file a lawsuit against Federal Reserve Chair Jerome Powell for what he describes as “gross incompetence” due to Powell’s alleged management of renovations at the Fed’s Washington headquarters. Trump also told reporters that he plans to unveil his pick for Powell’s successor at some point in January. Powell’s term ends in May. The latest comments revisit a longstanding dispute regarding the Federal Reserve’s $2.5 billion renovation of its Marriner S. Eccles Building. The project, which encompasses repairs, upgrades, and modernization, has drawn fire from the Trump administration for spiraling costs....