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Federal Reserve Chair Jerome Powell met with President Donald Trump amid ongoing White House criticism of the Fed’s monetary policy. Powell emphasized that the Fed’s decisions are based on economic data, not political influence. The meeting followed Trump’s repeated complaints about the Fed’s reluctance to cut interest rates.
- Powell met with Trump but did not discuss specific interest rate expectations, emphasizing data-driven decision-making.
- Trump has repeatedly criticized Powell for not cutting rates, calling him 'Too Late Powell' and comparing him to other central banks.
- The Fed maintains its commitment to non-political, objective analysis in setting monetary policy to support employment and price stability.
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