President Donald Trump met with Jerome Powell, the chair of the Federal Reserve, today after months of attacking the central bank for moving too slowly to lower interest rates.
The meeting, which was organized at Trump’s request, is the first since the president returned to the White House.
Powell and Trump discussed how the economy was evolving with regard to inflation, the labor market and growth. Powell did not share his expectations for monetary policy, the Fed said in a statement.
He told the president that such decisions would “depend entirely on incoming economic information and what that means for the outlook,” according to the statement, and would be “based solely on careful, objective and nonpolitical analysis.”
The meeting comes at a fraught moment for the economy, which now