Trump again targets Fed’s Powell over interest-rate cuts

U.S. President Donald Trump sharply criticised Federal Reserve Chair Jerome Powell during a speech in Gyeongju, South Korea, accusing him of being “too late” in cutting interest rates. Trump claimed the Fed was hurting business sentiment and undermining the U.S. economy. He went on to forecast 4% growth in the first quarter of 2026, far higher than most analysts expect. The remarks underscore rising tensions between the White House and the central bank over the pace and direction of monetary policy.