MaddowBlog-Trump eyes outlandish lawsuit against the Fed's Powell, alleging 'incompetence'
Were going to probably bring a lawsuit against him, the president said, referring to an unlikely civil suit against the Federal Reserve chairman.
https://www.ms.now/rachel-maddow-show/maddowblog/trump-eyes-outlandish-lawsuit-against-the-feds-powell-alleging-incompetence
But Trump apparently still has another tactic in mind that he hasnt yet pursued. The Washington Post reported:
President Donald Trump on Monday said he might sue Federal Reserve Chair Jerome H. Powell for what the president called gross incompetence, injecting new tension into the already strained relationship between the White House and the independent central bank.
During a Mar-a-Lago press conference, standing alongside Israeli Prime Minister Benjamin Netanyahu, Trump peddled familiar complaints, before concluding: It
s gross incompetence against Powell. Were going to probably bring a lawsuit against him.
As part of the same exchange, the Republican said he hadnt ruled out trying to fire the Fed chair he personally chose for the job, overlooking the inconvenient fact that he doesnt have the authority to do so, and he publicly vowed not to after markets fell in response to related rhetoric in April.
But putting that aside, its important to emphasize that the White House, as part of an apparent intimidation campaign, has been making related threats for months. In August, Trump wrote online that he was considering allowing a major lawsuit against Powell to proceed, and press secretary Karoline Leavitt insisted he was serious about this.....
But Im also curious about the implications of such an effort. If litigants can file civil suits against government officials over perceived gross incompetence, wouldnt that lead to an avalanche of such cases?
Given Team Trumps brazen and routine incompetence, it isnt difficult to imagine the president and administration officials facing a whole lot of lawsuits along these lines if he were to open such a door.