On May 29, 2025, President Trump met with Fed Chair Jerome Powell at the White House to discuss the economy, jobs, and inflation. Trump again urged rate cuts, calling current policy a mistake that weakens the U.S. against China. Powell reaffirmed the Fed’s independence and data-driven approach, offering no rate forecast. The meeting highlighted ongoing tensions, as Trump pushes for cuts while Powell sticks to cautious, apolitical decision-making. Analysts warn political pressure could undermine the Fed’s credibility. Despite past criticism, Trump cannot remove Powell over policy disputes, per U.S. law and court rulings.
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On May 29, 2025, President Trump met with Fed Chair Jerome Powell at the White House to discuss the economy, jobs, and inflation. Trump again urged rate cuts, calling current policy a mistake that weakens the U.S. against China. Powell reaffirmed the Fed’s independence and data-driven approach, offering no rate forecast. The meeting highlighted ongoing tensions, as Trump pushes for cuts while Powell sticks to cautious, apolitical decision-making. Analysts warn political pressure could undermine the Fed’s credibility. Despite past criticism, Trump cannot remove Powell over policy disputes, per U.S. law and court rulings.