Powell tells Trump that Federal Reserve’s interest rate policy will depend on data and outlook

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Federal Reserve Chairman Jay Powell Donald told Trump that US financial policy would only be determined by economic information and outlook, as they had their first meeting on the second term of the President.

Talks between Trump and Powell follow the pressure of interest rates from the US President to the central bank chair as a result of negotiations AdministrationThe

According to Fed, Powell “Powell did not discuss his expectations for financial policies, the way the policy would depend entirely on economic information and what it meant for its attitude”.

The US central bank Powell was invited to discuss “economic development, including growth, employment and inflation” by Trump at the White House.

“Chair Powell said that he and his colleagues at the FMC would set financial policies in accordance with the law to support maximum employment and stable prices and make these decisions only on the basis of caution, purposeful and non-political analysis,” Federal’s interest rates were referring to the Federal Open Market Committee.

Trump considered Powell to be removed from his position as a fed chair before his term in May 2026 in May 2026 – a possibility that is in the market for the freedom of the Fed.

The US president, however The last month Her “had no desire to shot [Powell]”, Comments that make investors calm.

This is a developing story