Trump threatens to sue Fed’s Powell and will announce his replacement in January

PALM ‍BEACH, Florida, ⁠29 Dec (Reuters) – US ‍President Donald ‌Trump on Monday renewed his threat to take ‌a‌lawsuit against Federal Reserve Chair ‌Jerome Powell‌ for what he called ‘gross incompetence’ related to Powell’s management of reforms at ⁠Fed ⁠headquarters in Washington.

Speaking to reporters in Florida, Trump also said he plans to announce his pick for the next Fed chair in January.

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