Overview

• Chair Powell met President Trump at the White House by invitation to discuss economic growth, employment, and inflation.
• Powell refrained from projecting rate moves and said the Fed’s future policy decisions will depend entirely on incoming economic information.
• A Fed statement said the central bank remains committed to making decisions through careful, objective, non-political analysis.
• Trump has used Truth Social to call repeatedly for the Fed to lower interest rates, intensifying political pressure on the central bank.
• The Federal Open Market Committee last eased rates in December, and officials are weighing inflation risks with the administration’s trade policy agenda.