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2025-10-29 13:53:57
[Trump Criticizes Fed Chair Jerome Powell Again During South Korea Visit] President Trump criticized the Federal Reserve again on Thursday, targeting Fed Chair Jerome Powell for allegedly delaying interest rate cuts. Speaking in Gyeongju, South Korea, Trump said, "Jerome 'Too Late' Powell," a remark that drew laughter from numerous business executives and leaders in attendance at the APEC CEO Summit. Trump added, "We won't have a Fed that raises rates because it's worried about inflation over the next three years." This may indicate he is beginning to acknowledge that inflation could eventually accelerate. Trump stated that he expects the U.S. economy to grow by 4% in the first quarter of 2026, a rate significantly higher than analysts' expectations.
