SEOUL, Oct 29 (Reuters) – U.S. President Donald Trump complained on Wednesday about the Federal Reserve, once again taking aim at central bank chief Jerome Powell for perceived delays in cutting interest rates.<\/p>\n\n\n\n
“Jerome ‘Too Late’ Powell,” Trump said in a speech in the South Korean city of Gyeongju, prompting laughter from an audience of corporate executives and leaders gathered for the CEO Summit of the APEC<\/u><\/a> grouping.<\/p>\n\n\n\n “We’re not going to have a Fed that\u2019s going to raise interest rates because they\u2019re worried about inflation in three years from now,” Trump added, possibly conceding that inflation could accelerate eventually.<\/p>\n\n\n\n He said he expected the U.S. economy to expand 4% in the first quarter of 2026, far above a median estimate in a Reuters , as economists see his administration’s new import taxes remaining a drag on the economy.<\/p>\n\n\n\n Wednesday’s remarks underscore the tension between Trump and the Federal Reserve as Trump has attacked Powell for not cutting interest rates quickly, saying the Fed is lagging behind its European counterpart and hurting business sentiment.<\/p>\n\n\n\n