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Fed Chair Powell told Trump in Thursday meeting that rate decisions would be based on ‘non-political’ analysis

  • On Thursday, President Trump held a meeting at the White House with Jerome Powell, the head of the Federal Reserve, to talk about current economic conditions.
  • The meeting occurred amid Trump's repeated demands for lower interest rates and his efforts to impose tariffs affecting the economy.
  • Powell did not discuss monetary policy expectations and emphasized that rate decisions depend solely on economic data and non-political analysis.
  • The Fed has paused rate cuts since January after lowering rates by one percentage point last year, while markets expect no reductions before September.
  • The meeting underscored the Fed’s commitment to objective policy amid uncertainty from tariffs and inflation pressures, despite presidential criticism.
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NBC Chicago broke the news in Chicago, United States on Thursday, May 29, 2025.
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