President Donald Trump met Thursday with Federal Reserve Chair Jerome Powell for the first time since beginning his second term, pushing for lower interest rates amid economic uncertainty. The Fed confirmed the meeting but said Powell did not share policy expectations and emphasized that future decisions would depend entirely on economic data. Trump has criticized Powell frequently on Truth Social and again accused him of delaying rate cuts. In a public statement, Powell reaffirmed the central bank’s commitment to objective and non-political analysis. The meeting comes as markets expect the Fed to hold rates steady through the summer, with a potential cut not anticipated until September.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump met Thursday with Federal Reserve Chair Jerome Powell for the first time since beginning his second term,
00:08pushing for lower interest rates amid economic uncertainty.
00:11The Fed confirmed the meeting and said Powell did not share policy expectations
00:14and emphasized that future decisions would depend entirely on economic data.
00:18Trump has criticized Powell frequently on True Social and again accused him of delaying rate cuts.
00:23In a public statement, Powell reaffirmed the central bank's commitment to objective and non-political analysis.
00:28The meeting comes as markets expect the Fed to hold rates steady through the summer.
00:32The potential cut not anticipated until September.
00:35For all things money, visit Benzinga.com slash GSTV.