May 30 news
On Thursday, U.S. President Trump met with Federal Reserve Chairman Powell for the first time during his second term. Trump criticized Powell for failing to lower borrowing costs. Powell insisted that any decisions would not be based on the president's requests. According to a statement from the Federal Reserve, Trump invited Powell to meet with him "to discuss economic developments, including growth, employment, and inflation." Powell did not discuss his expectations for monetary policy, only emphasizing that the policy path will be entirely dependent on upcoming economic informat
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