Trump Pressures Fed Chair Powell on Interest Rates in First White House Meeting
Fed Chair Jerome Powell accepted President Trump’s invitation for a White House meeting Thursday, marking their first discussion since Trump returned to office.
While they talked about economic conditions, Powell carefully avoided discussing future rate decisions, emphasizing that the Fed makes choices based on data, not politics. The meeting highlights ongoing tensions – Trump has publicly criticized Powell and even explored removing him from office.
Press Secretary Karoline Leavitt confirmed Trump privately told Powell he’s making a mistake by not lowering rates, arguing it weakens America’s position against China. Despite the pressure, Powell maintains the economy is stable and the Fed needs more information about Trump’s tariff plans before adjusting rates at their June meeting.
