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Trump again criticises Fed Chair Powell, demands faster rate cuts
Trump lambasts Fed Chair Powell for lagging on rate cuts, projecting 4% U.
At the APEC CEO Summit in Gyeongju, South Korea, Donald Trump publicly attacked Jerome Powell, calling him “Too Late Powell” for not cutting interest rates more aggressively. Trump projected U.S. economic growth of 4% in Q1 2026 and accused the central bank of hindering business sentiment by delaying relief. The remarks reflect heightened tension between the White House and the Fed, raising questions about central-bank independence and the risk of political pressure influencing monetary policy decisions.