Trump recently announced he’s nominating his chair of the Council of Economic Advisers, Stephen Miran, to fill a newly opened position on the Fed’s Board of Governors. If confirmed by the Senate, Trump said he anticipates Miran being at the Fed for a matter of months and likely would not nominate him for chair.

"Jerome 'Too Late' Powell must NOW lower the rate," Trump wrote on his social media platform. "I am, though, considering allowing a major lawsuit against Powell to proceed because

President Donald Trump touted a "major lawsuit" against Federal Reserve Chair Jerome Powell over the rising costs of the renovation of Fed buildings. The Federal Reserve is overhauling two of its historic buildings in a multi-billion-dollar modernization project that it says will save money over time by allowing it to "consolidate most of its operations.