Cartoon trading card of an angry Trump caricature pulling a giant Fed rate lever opposite a sweaty robot Powell, with a melting Federal Reserve building and bizarre Wall Street chaos.

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Trump Threatens to Sue Fed Chair Powell, Plans to Announce New Federal Reserve Leader

Published January 2, 2026

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A grotesque Garbage Pail Kids-style trading card satirizing Trump's feud with Fed Chair Jerome Powell as he threatens to sue, calls for firing, and hunts for a new central bank boss.

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President Donald Trump has escalated his long-running dispute with Federal Reserve Chair Jerome Powell, publicly calling Powell “incompetent,” threatening an unprecedented lawsuit over a costly Fed headquarters renovation, and reiterating his desire to fire him for not lowering interest rates fast enough. Trump also announced he plans to reveal his pick for Powell’s successor as Federal Reserve chair in January, setting off investor speculation and concerns about central bank independence and economic direction.

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