Trump Powell Meeting: President Donald Trump met with Federal Reserve Chairman Jerome Powell at the White House on Thursday — marking their first meeting since Trump was re-elected for a second term as U.S. President. The meeting comes amid ongoing pressure from the president for lower interest rates.
The Federal Reserve confirmed the meeting in an official statement, clarifying that Powell did not share his outlook on future monetary policy. Instead, the discussion focused on broader economic developments.
Federal Reserve Press Release says:
“At the President’s invitation, Chair Powell met with the President today at the White House to discuss economic developments including for growth, employment, and inflation.
Chair Powell did not discuss his expectations for monetary policy, except to stress that the path of policy will depend entirely on incoming economic information and what that means for the outlook.
Finally, Chair Powell said that he and his colleagues on the FOMC will set monetary policy, as required by law, to support maximum employment and stable prices and will make those decisions based solely on careful, objective, and non-political analysis.”
This high-level engagement underscores the continued tension between the White House and the Federal Reserve regarding the future direction of interest rate policy, especially with inflation and economic uncertainty still looming.
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