Fed Chair Powell has closed door meeting at the White House on interest rate cuts

Federal Reserve Financial institution Chair Jerome Powell stayed the route after being summoned to an economic woodshed on the White Residence by President Trump, who has been vocal about calls for that the Fed ax pastime charges.

The May 29 faceoff modified into Powell's first focus on over with to the White Residence for the length of Trump's 2nd tour. In an announcement, Powell's space of enterprise acknowledged the assembly's agenda modified into to "to chat about economic dispositions, alongside with for growth, employment, and inflation."