Central Banks

Trump Pressed Powell to Lower Rates in White House Meeting

Fed Says Powell Met With Trump at White House

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By Amara Omeokwe and Josh Wingrove

May 29, 2025 at 4:52 PM UTC

Updated on

May 29, 2025 at 9:11 PM UTC

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President Donald Trump pushed Federal Reserve Chair Jerome Powell to lower interest rates at their first in-person meeting since the president’s inauguration, the White House said.