• Sat, Feb 28, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

12 August 2025 21:09  |

Trump Considers Allowing Lawsuit Against Powell Over Fed Building Renovation

US President Donald Trump said he is considering allowing a lawsuit against Federal Reserve Chairman Jerome Powell over the central bank's headquarters renovation project, which is considered to have suffered significant cost overruns.

In a social media post, Trump again criticized Powell for his decision to keep interest rates steady and accused the Fed of "terrible and incompetent" management of the renovation project. Trump called the damage caused by Powell's policy delays "incalculable," while claiming the US economy remains strong.

Trump did not specify the lawsuit in question, but the renovation has become a flashpoint in his pressure on the Fed to cut interest rates. This move comes amid recent data showing US core inflation rose in July, raising expectations for a Fed rate cut in September. (ayu)

Source: Newsmaker.id

Related News

FISCAL & MONETARY

Australia Slashes Cash Rate to 2-Year Low of 3.85%, as Expe...

The Reserve Bank of Australia (RBA) cut its cash rate by 25bps to 3.85% at its May meeting, the first rate cut since January ...

20 May 2025 12:13
FISCAL & MONETARY

Bank of Japan Plays It Safe, Will JGB Tapering Be Cut?

The Bank of Japan (BoJ) is expected to keep short-term interest rates unchanged at 0.5% after its two-day June monetary polic...

17 June 2025 08:18
FISCAL & MONETARY

BOJ Chief Vows To Scrutinize Impact Of U.S. Tariffs In Poli...

Bank of Japan Governor Kazuo Ueda said Wednesday that the central bank will closely analyze how U.S. tariffs could affect the...

9 April 2025 08:28
FISCAL & MONETARY

BOJ Holds Rates, Cuts GDP Growth Outlook

The Bank of Japan (BOJ) kept its key short-term interest rate unchanged at 0.5% during its May meeting, keeping it at the hig...

1 May 2025 10:46
BIAS23.com NM23 Ai