Trump criticizes Powell and demands the Federal Reserve cut interest rates quickly.
US President Trump criticized the Federal Reserve on Thursday, once again targeting Fed Chairman Powell, accusing him of being slow to act on interest rate cuts. Trump mentioned "Jerome 'Too Late' Powell" in his speech in South Korea, and said he will not let the Fed raise rates because of concerns about inflation three years from now. He expects the US economy to achieve 4% growth in the first quarter of 2026, well above economists' forecasts. This statement highlights the tense relationship between Trump and the Fed.
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