Overview

• President Trump met with JPMorgan CEO Jamie Dimon and senior economic advisers in a private Oval Office session to discuss the economy, trade, financial regulations and Federal Reserve policy.
• Federal Reserve officials opted to keep interest rates unchanged for a fifth straight meeting, defying the administration’s calls for deeper cuts to borrowing costs.
• Trump renewed sharp criticism of Fed Chair Jerome Powell on Truth Social, labeling him “TOO ANGRY, TOO STUPID & TOO POLITICAL” to lead the central bank.
• Dimon defended Powell’s autonomy and cautioned that political pressure on rate decisions often backfires by fueling inflation.
• White House officials declined to comment on the private talks, and Dimon told CNBC he sees ongoing engagement with the administration as beneficial.