SEOUL (Reuters) -U.S. President Donald Trump complained on Thursday about the Federal Reserve, once again taking aim at central bank chief Jerome Powell for perceived delays in cutting interest rates.

“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 grouping.

“We’re not going to have a Fed that’s going to raise interest rates because they’re worried about inflation in three years from now,” Trump added, possibly conceding that inflation could accelerate eventually.

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 poll, as economists see his administration’s new impor

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