๐จ JUST IN: Fed Chair Powell Meets with President Trump at the White House ๐๏ธ๐บ๐ธ
In a high-stakes meeting today (May 29), Federal Reserve Chair Jerome Powell sat down with President Donald Trump for their first official face-to-face since Trumpโs return to the White House. ๐
๐ฌ Hereโs what went down:
๐ฃ๏ธ Trump urged Powell to cut interest rates, calling the current policy a โmistakeโ that gives China and others an edge economically.
๐ Powell responded firmly, saying the Fedโs decisions are data-driven and independent โ no political interference.
๐ The Fed has held rates steady between 4.25% and 4.5% since Dec 2024, watching global markets closely.
๐ง This meeting comes as markets brace for rate direction signals, and itโs clear: monetary policy will be a major theme in the 2025 landscape.