President Donald Trump met with Federal Reserve Chair Jerome Powell on Thursday and the two discussed the economy but not Powell's outlook for interest rates, the Fed said. Powell told Trump that the central bank would make decisions about the short-term interest rate it controls “based solely on careful,

Federal Reserve Chair Jerome Powell and President Trump met for the first time in the president’s second term and sent mixed messages over their long-running discord over interest rates.

President Donald Trump on Thursday met with Federal Reserve Chair Jerome Powell for the first time in his second term, scolding him for not lowering borrowing costs. Powell maintained that any decisions won’t be based on the president’s demands.