President Donald Trump on Tuesday threatened to allow a “major lawsuit” against Federal Reserve Chairman Jerome Powell to go forward, dramatically escalating his efforts to pressure the central bank leader to immediately lower interest rates. The president said on Truth Social that the lawsuit would relate to Powell’s management of major renovations at the Fed’s headquarters in Washington, D.C., which has become a focus of Trump’s criticism. Trump’s post, which slammed Powell as a “loser” and branded him with the mocking nickname “Too Late,” did not make clear whether such a lawsuit was in the works. The White House ... (full story)