Trump threatens lawsuit against Fed’s “incompetent” Powell, says successor to be announced January

https://www.youtube.com/channel/UChLtXXpo4Ge1ReTEboVvTDg https://ift.tt/SM6myYr During a bilateral meeting with Israeli Prime Minister Benjamin Netanyahu on Monday, U.S. President Donald Trump doubled down on threats of a lawsuit against Federal Reserve Chair Jerome Powell. Trump’s reasoning for a potential suit? “Gross incompetence” which he related to the “incompetent” Powell’s management of renovations at the Fed’s Washington headquarters. On multiple occasions Trump has threatened to try and fire Powell. However, when asked if he still planned to do so, the president suggested the chair “should resign,” claiming “it would be a favour to the nation.” Powell’s term will expire in May and Trump suggested he will nominate a successor sometime in January. For more info, please go to https://ift.tt/QVAHMF6 Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Like Global News on Facebook HERE: http://bit.ly/255GMJQ Follow Global News on X HERE: http://bit.ly/1Toz8mt Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB #GlobalNews #Trump #FederalReserve #JeromePowell