For now, Powell said, the economy is in good shape and inflation is gradually drifting down toward the Fed’s 2% goal. “I don’t think we can say which way this will shake out,” he said.

President Trump, in a private meeting at the White House on Thursday, told Federal Reserve Chair Jerome Powell that he was making a "mistake" by not lowering interest rates, delivering in person a ...

President Trump lashes out at Federal Reserve Bank Chair Jerome Powell over his reluctance to lower interest rates to juice the sputtering economy amid the White House's trade war.

Trump named Powell as the Fed chair in 2018, during his first term in the White House, and Democratic President Joe Biden appointed Powell to a second four-year term in 2022. 3.