US President Donald Trump today slammed the Federal Reserve, alleging that its policies are more damaging to the American economy than China.

Trump's remarks were the latest in a series of recent barrages he has unleashed at the Fed.

Demanding lower interest rates, the President said that people are very disappointed with the central bank and its Chair Jay Powell. The President also said that China and the US are working on selecting a new site for signing of Phase One of Trade Agreement, about 60 per cent of total deal, after APEC in Chile was cancelled due to unrelated circumstances.