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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.
The Real Story
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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