Trump Calls on ‘Too Late’ Powell, Urges Rate Cut From APEC Summit

• President Trump said that the Fed will not raise interest rates three years from now due to inflation fears.
• Investors are betting nearly a 100% chance that the Fed will initiate a 25 bps rate cut.
• Wednesday’s anticipated Fed rate cut will coincide with the ending of its Quantitative Tightening.

President Donald Trump has called on Fed Chair Jerome Powell to initiate another rate cut later today. While speaking to delegates at the Asia-Pacific Economic Cooperation summit, President Trump urged ‘Too Late’ Powell to lower the lending rate to boost economic growth.

According to President Trump, the imposed import tariffs will not be a hindrance to economic growth. Instead, President Trump predicted that the U.S. economy would record a 4% growth in the first quarter of 2026, which is higher than the median economist forecast.

“We will not let the Fed raise int…

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