President Trump and Fed Chair Discuss Economy, Avoid Rate Talks
President Trump met with Fed Chair Powell today, but the Fed Chair firmly refused to discuss interest rates. This marks their first meeting since Trump began his second term as President.
Although President Trump has been consistently pressuring the Fed to cut interest rates, the central bank stated that monetary policy was not on the agenda for this meeting.
The discussion focused on economic developments such as growth, employment, and inflation. Chair Powell emphasized that future policy decisions will be entirely based on upcoming economic data and will be analyzed objectively and apolitically, in line with the Fed’s legal mandate to support maximum employment and maintain price stability.