President Donald Trump said Monday he is still weighing whether to remove Federal Reserve Chair Jerome Powell, repeating sharp criticism of Powell’s leadership and signaling a decision could come as soon as January.
“I would love to fire him — maybe I still might,” Trump said, adding that he will announce his plans for the Fed chairmanship “at the right time” and that “there’s still plenty of time.” His comments, made alongside Israeli Prime Minister Benjamin Netanyahu, aired live on Newsmax and the Newsmax2 free online streaming platform following their meeting at Trump’s Mar-a-Lago estate in Florida.
Trump accused Powell of “gross incompetence,” citing what he described as massive cost overruns tied to a renovation of Federal Reserve facilities, which he claimed could exceed $4 billion. The major upgrades involve two nearly century-old buildings that had never been fully renovated since their construction. The renovations were initially budgeted at $1.9 billion but have since climbed sharply, with most public estimates putting the final cost closer to $2.5 billion.
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