Trump Meets Jerome Powell to Discuss the Future of the American Economy
President Donald Trump summoned Federal Reserve Chairman Jerome Powell to the White House for a meeting that addressed several sensitive economic issues, including growth, inflation, and unemployment.
During the meeting, Powell emphasized that the Fed's monetary policy decisions are based on current economic data and future forecasts, reiterating his full commitment to the law and to working with his colleagues on the Open Market Committee to ensure price stability and support the labor market.
Despite the sensitivity of the timing, no indicators or leaks have emerged regarding President Trump exerting any pressure on Powell regarding interest rate cuts, reinforcing the image of the central bank's independence in managing monetary policy.