U.S. President Donald Trump has reiterated his call for the Federal Reserve to lower benchmark interest rates while threatening legal action against Federal Reserve Chair Jerome Powell. The potential lawsuit concerns Powell's management of a costly renovation project at the Federal Reserve's headquarters in Washington, D.C. The renovation, initially estimated at $50 million, has reportedly escalated to costs between $2.5 billion and $3 billion, drawing scrutiny and criticism from the White House. White House spokeswoman Karoline Leavitt confirmed that Trump is considering a major lawsuit related to the renovation mismanagement. Trump has publicly criticized Powell for the Federal Reserve's decision to hold rates steady and has labeled him "Too Late" in response to monetary policy. The dispute highlights ongoing tensions between the White House and the Federal Reserve over interest rate policies and fiscal oversight of the central bank's expenditures.