Trump meets with Jerome Powell, the Fed chairman he has repeatedly scorned Nation May 29, 2025 2:31 PM EDT

WASHINGTON (AP) — 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, objective, and non-political analysis.” The Fed’s rate typically influences borrowing costs across the economy, including for mortgages, car loans, and business borrowing.

The meeting comes as Trump has assailed Powell for not reducing the Fed’s key interest rate, calling him “Too Late Powell.” The president initiated the meeting, the Fed said.

Trump argues th

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