Trump Criticizes Fed's Powell for Interest Rate Delays
President Donald Trump criticized Federal Reserve Chairman Jerome Powell during a speech in South Korea, blaming him for delays in cutting interest rates. Trump's remarks highlighted tensions with the Fed as he anticipates rapid economic growth and outlines foreign investment plans despite skepticism over U.S. economic strategies.
In a recent speech in Gyeongju, South Korea, U.S. President Donald Trump took a swipe at Federal Reserve Chairman Jerome Powell, criticizing what he perceives as delays in reducing interest rates.
Trump whimsically referred to Powell as ‘Jerome “Too Late” Powell,’ drawing laughter from a gathering of corporate executives at the APEC CEO Summit. Trump's comments signal continued tension as he asserts that the Federal Reserve is not sufficiently responsive to economic dynamics compared to its European counterparts.
Amidst the criticism, Trump announced ambitious economic growth expectations and outlined significant investment commitments from international corporations, indicating continued foreign collaboration. Analysts forecast a quarter-point interest rate reduction by the Fed, with upcoming meetings set for October 28 and 29.
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