Trump once again pointed the finger at Powell, demanding the Fed to cut interest rates.

Jin10 data October 29th news, U.S. President Trump criticized the Fed on Thursday, once again pointing the finger at Fed Chairman Powell, accusing him of being slow to act on interest rate cuts. In his speech in South Korea, Trump referred to “Jerome 'Too Late' Powell,” which elicited laughter from business executives and leaders attending the APEC summit. Trump added, “We won't let the Fed raise interest rates because they're worried about inflation three years from now.” This statement may suggest he acknowledges that inflation could eventually accelerate. He expects the U.S. economy to achieve a 4% rise in the first quarter of 2026, well above the median forecast of economists surveyed by Reuters. Economists believe that the new import tariffs implemented by the Trump administration will still weigh on economic growth. Thursday's remarks highlighted the tension between Trump and the Fed, with Trump criticizing Powell for not cutting rates swiftly, claiming the Fed is lagging behind its European counterparts, harming business confidence.