President Donald Trump is considering suing Federal Reserve Chair Jerome Powell, White House press secretary Karoline Leavitt said Tuesday.

U.S. President Donald Trump is considering a lawsuit against Federal Reserve Chair Jerome Powell related to his management of renovations at the Fed's Washington headquarters, White House spokeswoman Karoline Leavitt said on Tuesday.

In a post on his Truth Social social-media network, Trump again urged the Fed to lower interest rates, writing: “I am … considering allowing a major lawsuit against Powell to proceed because of the horrible, and grossly incompetent, job he has done in managing the construction of the Fed Buildings.”