Federal Reserve Chair Jerome Powell met President Trump to discuss interest rates after previous public disagreements. Powell emphasized that future rate decisions will rely purely on objective economic analysis. Trump, advocating for lower rates, believes Powell's decisions disadvantage the U.S. in global economics. Despite pressure, Powell maintained that current rates are suitable given economic uncertainties, particularly those stemming from Trump's trade policies. The Fed may also raise its neutral rate to allow for proactive monetary policy adjustments in response to potential economic slowdowns.
"Chair Powell did not discuss his expectations for monetary policy, except to stress that the path of policy will depend entirely on incoming economic information and what that means for the outlook."
"The president has been very vocal about that both publicly—and now I can reveal—privately, as well," she added.
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