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Trump Invites Fed Chair Powell to White House for Economic Talks, First Meeting Since 2019 

Trump Invites Fed Chair Powell to White House for Economic Talks, First Meeting Since 2019 

President Donald Trump met with Federal Reserve Chair Jerome Powell at the White House on Thursday for the first time in over five years to discuss key economic issues including growth, inflation, and employment. According to a Fed statement, Powell reiterated the central bank’s commitment to making monetary policy decisions based solely on incoming economic data and non-political analysis, without offering specific guidance on future rate moves. 

White House Press Secretary Karoline Leavitt said Trump used the meeting to criticize Powell’s reluctance to cut interest rates, characterizing it as a policy misstep. The encounter comes amid renewed friction between the White House and the Fed, with Powell navigating inflationary pressures intensified by Trump’s tariff agenda. Despite previous threats to dismiss Powell, Trump recently said he had no plans to remove him. 

The meeting occurred as the Fed maintains its benchmark rate at 4.25%–4.50%, citing elevated risks to both inflation and employment, particularly in light of the administration’s trade actions. 

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.