Trump personally told Fed Chair Powell it was a mistake to not lower rates, White House says

Trump meets with the Federal Reserve chairman he has repeatedly scorned

President Donald Trump met with Federal Reserve Chair Jerome Powell on Thursday and the two discussed the economy but not Powell's outlook for interest rates, the Fed said. Powell told Trump that the central bank would make decisions about the short-term interest rate it controls “based solely on careful, objective, and non-political analysis.” The Fed's rate typically influences borrowing costs across the economy, including for mortgages, car loans, and business borrowing.

Associated Press Finance

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32 minutes ago