{"id":47888,"date":"2025-08-13T10:00:30","date_gmt":"2025-08-13T07:00:30","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=47888"},"modified":"2025-08-13T01:01:52","modified_gmt":"2025-08-12T22:01:52","slug":"trump-powell-lawsuit-interest-rate-cut","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/trump-powell-lawsuit-interest-rate-cut\/","title":{"rendered":"Trump to Powell: Cut Rates or Face a Lawsuit!"},"content":{"rendered":"<p><span data-contrast=\"auto\"><strong>U.S. President Donald Trump<\/strong> criticized the <strong>Federal Reserve\u2019s<\/strong> reluctance to <strong>cut interest rates<\/strong>, stating that he may sue <strong>Chair Jerome Powell<\/strong>. Trump argued that the Federal Reserve\u2019s renovation costs were excessively high, calling it a serious management failure. The president noted that a repair worth $50 ended up costing $3 billion, saying, \u201cI am considering allowing a major lawsuit against Powell over Fed building costs.\u201d<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">On <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/115016089386029482\"><strong>Truth Social<\/strong><\/a>, Trump accused Powell of doing a \u201cterrible and incompetent\u201d job in renovating Fed buildings. He also claimed Powell committed perjury in this matter, adding that the Justice Department has made similar allegations. This further increased the political pressure on the Fed Chair.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Last month, Trump visited the Federal Reserve to inspect the ongoing renovation projects. During his visit, he urged Powell to lower interest rates. The president stressed that the Fed was too late in taking action, causing significant harm to the <strong>U.S. economy<\/strong>.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<h2><span data-contrast=\"auto\">CPI Data and Tariff Debate<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/h2>\n<p><span data-contrast=\"auto\">Trump\u2019s comments came after the release of July\u2019s U.S. <a href=\"https:\/\/coinengineer.net\/blog\/us-annual-consumer-price-index-cpi-announced\/\"><strong>Consumer Price Index (CPI)<\/strong><\/a> data. The report showed annual inflation at <strong>2.7%<\/strong>, below the expected 2.8%, while monthly CPI fell from 0.3% to 0.2%. These results reinforced Trump\u2019s view that tariffs had a limited impact on inflation.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The president stated that <strong>tariffs<\/strong> brought large sums of money into the <strong>U.S.<\/strong> and that consumers did not bear the costs. Moreover, he argued that tariffs did not create price pressures as the Fed had anticipated. Powell, however, maintained that the best approach was to wait and assess the tariffs\u2019 effects before making a rate cut decision.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Stephen Miran, Trump\u2019s nominee for the Fed Board of Governors, also commented positively on the <strong>CPI data<\/strong>. Miran said inflation was \u201cperforming well\u201d and that there was no evidence of tariff-driven price increases. He also noted that since Trump took office, annual CPI inflation had averaged 1.9%.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">These developments indicate that the tension between the Fed and the White House over interest rate policy is set to continue.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\"> <em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a>\u00a0and updates.<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. President Donald Trump criticized the Federal Reserve\u2019s reluctance to cut interest rates, stating that he may sue Chair Jerome Powell. Trump argued that the Federal Reserve\u2019s renovation costs were excessively high, calling it a serious management failure. The president noted that a repair worth $50 ended up costing $3 billion, saying, \u201cI am considering<\/p>\n","protected":false},"author":36,"featured_media":47193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[15642,1730,7665,22311,12164,4118,2302,12420,644,12601],"class_list":["post-47888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cpi-data","tag-donald-trump","tag-fed-policy","tag-inflation-rates","tag-interest-rate-cuts","tag-jerome-powell","tag-monetary-policy","tag-trade-tariffs","tag-us-economy","tag-us-markets"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump to Powell: Cut Rates or Face a Lawsuit! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Trump threatens Fed Chair Powell with a lawsuit over high renovation costs and demands immediate interest rate cuts after CPI data.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/trump-powell-lawsuit-interest-rate-cut\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump to Powell: Cut Rates or Face a Lawsuit! 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