The president Donald Trump He met today (29.5.2025) with the president of the US Federal Bank (Fed), Jerome Powell, while the president is pushing for interest rates.
The Fed confirmed in its announcement that the meeting was held, stressing that the future course of monetary policy was not discussed, according to a CNBC report. “At the invitation of President (Donald Trump), President Powell met with the President today at the White House to discuss economic developments, including growth, employment and inflation,” the Fed statement said.
“President Powell did not discuss his expectations of monetary policy, in addition to stressing that the course of politics will depend entirely on incoming financial information and what this means for prospects.”
In addition, the announcement stated that Powell and his colleagues in the Fed remain committed to defining monetary policy based on “careful, objective and non -political analysis”.
It is recalled that Trump has repeatedly asked the Federal Open Market Committee under Powell’s leadership to reduce interest rates. FOMC has not reduced interest rates since December, shortly before Trump assumes his duties for his second non -consecutive term.