Trump Urges Rate Cut Again, Threatens Major Lawsuit Against Powell

BlockBeats News, August 12, Trump once again posted on Truth Social urging a rate cut: "Jerome too late Powell must immediately lower interest rates, he is always 'too late' causing immeasurable losses. Fortunately, the economic situation is excellent, we have completely rid ourselves of Powell and the complacent Fed. However, I am considering allowing a major lawsuit against Powell because he has done a terrible job managing the Fed building construction, extremely incompetent. This project should have only required a $50 million repair, but it ended up costing $3 billion. Truly awful!"