President Trump met with Fed Chair Powell today, but the Fed Chair firmly refused to discuss interest rates, this is the first meeting since Trump began his second presidential term.
Although President Trump has continuously pressured the Fed to cut interest rates, the Fed affirmed that monetary policy would not be discussed in this meeting.
The exchange focused on economic developments such as growth, employment, and inflation. Fed Chair Powell emphasized that future policy decisions will be entirely based on upcoming economic data and analyzed objectively, politically neutral, in accordance with the Fed's legal mandate to support maximum employment and maintain stable prices.
