Federal Reserve Chair Jerome Powell met with U.S. President Donald Trump on Thursday, according to a statement from Powell’s office. The meeting followed an invitation from the President and occurred against the backdrop of ongoing tensions, with Trump frequently pressuring the Fed—and Powell specifically—to cut interest rates since taking office.
During the meeting, Powell refrained from discussing his monetary policy outlook. Instead, he reiterated that any future policy decisions would be guided entirely by economic data and its influence on the broader economic forecast.
Powell also stressed that both he and the Federal Open Market Committee (FOMC) would continue to determine monetary policy in line with their legal responsibilities—aiming to promote maximum employment and price stability—through thorough, impartial, and nonpartisan analysis.
