Fed Chair Powell met with Trump at the White House Thursday and told him rate decisions can't be political
Source: CNBC
Published Thu, May 29 2025 12:51 PM EDT | Updated 45 Min Ago
President Donald Trump met Thursday with Federal Reserve Chair Jerome Powell amid the president badgering the central bank for lower interest rates.
The central bank confirmed in a release that the meeting occurred, stressing that the future path of monetary policy was not discussed.
“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,” the Fed statement said. “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.”
Moreover, the release indicated that Powell and his Fed colleagues remain committed to setting monetary policy on “careful, objective, and non-political analysis.” The meeting comes at a sensitive time for the U.S. economy, with Trump pushing potentially inflationary tariffs and the Fed trying to balance its mandate to provide full employment and stable prices.
Read more: https://www.cnbc.com/2025/05/29/fed-chair-powell-told-trump-in-thursday-meeting-that-rate-decisions-would-be-based-on-non-political-analysis.html
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