Trump Targets Fed Policies, Calls Out Jerome Powell

In a recent address at the APEC CEO Summit in Gyeongju, South Korea, U.S. President Donald Trump criticized Federal Reserve Chair Jerome Powell for delaying interest rate cuts, dubbing him 'Jerome 'Too Late' Powell'. The remark drew laughter from attending corporate executives and leaders.

Trump expressed confidence in a 4% expansion of the U.S. economy in early 2026, saying the Federal Reserve's hesitance to cut rates is affecting business sentiment, as Europe's central banks move ahead.

The President showcased substantial investment commitments from global companies like TSMC Global and SoftBank as he seeks partnerships in shipbuilding with South Korea and Japan. Meanwhile, analysts predict a modest quarter-point rate cut by the Fed later this month.