ExclusiveFed Chair Powell Doubles Down On 'Non-political' Rate Decisions in Trump Meeting

Federal Reserve Chair Jerome Powell told President Donald Trump during a Thursday meeting that the central bank will continue to make interest rate decisions based on careful, objective and non-political analysis. At the meeting, invited by the White House, Powell stressed that the path of policy will depend entirely on incoming economic information and what that means for the outlook, and said the Federal Open Market Committee will set monetary policy, as required by law, to support maximum employment and stable prices, and will make those decisions based solely on careful, objective and non-political analysis, the Federal Reserve said in a statement. The President repeatedly demanded that the Federal Reserve, a mostly independent agency that manages the monetary policy, lower the interest rate as the economy is experiencing the shockwaves of his tariff policies.