Fed Chair Powell met with Trump at the White House

Tavsif:

President Trump met with Federal Reserve Chair Jerome Powell on Thursday to discuss economic conditions, but they did not talk about future monetary policy, the Fed said. Trump criticized Powell for not cutting interest rates, claiming it puts the U.S. at an economic disadvantage. This was their first meeting since Trump began his second term. Powell emphasized that the Fed’s policy decisions will depend on incoming data and remain objective and apolitical, CNBC reported. Markets expect the Fed to keep rates steady until at least September.