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President Trump met with Fed Chairman Powell today, but the Fed chairman 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 asserts that monetary policy will not be discussed in this meeting.
The discussion focused on economic developments such as growth, employment, and inflation. Fed Chairman Powell emphasized that future policy decisions will be entirely based on upcoming economic data and analyzed in an objective, non-political manner, consistent with the Fed's legal mandate to support maximum employment and maintain stable prices.
Although President Trump has continuously pressured the Fed to cut interest rates, the Fed asserts that monetary policy will not be discussed in this meeting.
The discussion focused on economic developments such as growth, employment, and inflation. Fed Chairman Powell emphasized that future policy decisions will be entirely based on upcoming economic data and analyzed in an objective, non-political manner, consistent with the Fed's legal mandate to support maximum employment and maintain stable prices.
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