President Donald Trump on Monday renewed his threats against Federal Reserve Chair Jerome Powell, suggesting he may file a lawsuit over what he called “gross incompetence” in managing the Fed’s headquarters renovation project.

Speaking at a joint press conference with Israeli Prime Minister Benjamin Netanyahu at his Mar-a-Lago estate, Trump claimed the project would cost “more than $4 billion,” far exceeding previous estimates. “We’re thinking about bringing a suit against Powell for incompetence,” he said, adding that “gorgeous monuments are built for a much smaller price.”

Past Criticism and Ongoing Disputes

This is not the first time Trump has publicly criticized Powell. In August, he wrote on Truth Social that he was “considering allowing a major lawsuit against Powell to proceed,” arguing that the Fed chair had handled the renovation project with “gross incompetence.”

Trump also criticized President Joe Biden for reappointing Powell to a second term in 2022. Powell was originally nominated by Trump in 2017 to lead the Federal Reserve. “Biden reappointed him. It's too bad—you would have thought he wouldn't have done that—but he's an absolute fool building a new Federal Reserve, or at least renovating a building,” Trump said.

Threats of Firing and Interest Rate Disputes

Although Powell’s current term is set to end next year, Trump indicated at the press conference that he might still consider firing him. “I would fire him. I’d love to fire him. But we’re so close, you know. But maybe I still might,” Trump stated.

Over the past year, Trump has repeatedly criticized Powell, often focusing on interest rate policy. He has accused the Fed chair of moving too slowly to reduce rates, giving him nicknames such as “Too Late Powell” and saying last month that he would “love to fire his a**.”

Trump also hinted at potential replacements, telling The Wall Street Journal earlier this month that he is considering former Federal Reserve Board member Kevin Warsh and National Economic Council Director Kevin Hassett. “I think the two Kevins are great. There are a couple of other people that are great,” he said.

Federal Reserve Response

The Federal Reserve Board of Governors declined to comment when contacted by The Independent.