Trump pressures Fed, Powell defends independence in White House meeting
TL;DR Summary
President Trump met with Fed Chair Jerome Powell for the first time since 2019, criticizing him for not lowering interest rates, while Powell emphasized that monetary policy decisions depend on economic data. The meeting highlights ongoing tensions over rate policies amid economic uncertainties and trade tensions.
- Trump summons Fed's Powell, tells him he's making a mistake on rates Reuters
- Fed Chair Powell met with Trump at the White House Thursday and told him rate decisions can't be political CNBC
- Federal Reserve issues rare statement asserting independence amid Trump pressure The Guardian
- Fed Chair Powell meets with Trump at the White House Fox Business
- Powell meets Trump, defends Fed independence NBC News
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