Trump demands rate cut, threatens lawsuit against Fed chairman

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.