Calls between Trump Tariff and to cut rate, Federal Reserve President Jerome Powell met for the first time in the President’s second term with US President Donald Trump. Trump has severely criticized Powell in the last few weeks, while the fed chair has urged to cut interest rates.
Jerome Powell meets with Donald Trump
according to a Federal reserve statementThe Fed Chair today met Trump at the President’s invitation at the White House. Both discussed economic development including development, employment and inflation.
The statement said that Jerome Powell did not discuss its expectations for monetary policy, except what the path of the policy means for the upcoming economic information and approach.
Meanwhile, the Fed Chair also mentioned that he and his associates on FOMC would determine the required monetary policy by law to support maximum employment and stable prices. They intend to make these decisions perfectly based on “careful, purpose and non-political” analysis.
This meeting comes only a day later Fed meeting minutes releaseWhich shows that Pavel and FOMC are choosing a cautious approach amid uncertainty caused by Trump tariff. Fed is careful because it assumes that tariffs can cause high inflation.
As the Costem also said, Auston, President of the Chicago Federal Reserve Goolsbee believes that fed rate may be cut If the trump tariffs end through a business deal or otherwise.
One in White House BriefingPress Secretary Karolin Levit confirmed that Trump met Fed Chair. He said that the President told Powell that it is a mistake not to reduce interest rates. The President, for some time, strongly criticized Pavel and urged him to cut rates on several occasions. They argue that inflation is down and there is no reason to keep the rates stable for the “too late” Powell.
Boluvatif edemy
Boluvatif Ademi is a well -veteran crypto news writer and editor who has covered many subjects and Niches cuts in Niches. The most technical concepts in Boluvatiff are a habit to simplify and make Crypto neobis easier to understand. Away from writing, he is a fond Chawla basketball lover, a passenger and a part -time Digen.
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