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BTCC / BTCC Square / Global Cryptocurrency /
Powell and Trump Meet at White House Amid Rate Cut Pressure

Powell and Trump Meet at White House Amid Rate Cut Pressure

Author:
Global Cryptocurrency
Published:
2025-05-29 17:55:01
12
3

Federal Reserve Chair Jerome Powell met with President Donald TRUMP at the White House, marking their first encounter since Trump’s return to office. The central bank emphasized that no discussions regarding interest rate plans took place during the meeting. The Fed’s statement clarified that Powell’s focus remains on economic data-driven policy decisions, adhering to the mandate of maximum employment and price stability.

Trump has publicly advocated for immediate rate cuts, leveraging his Truth Social platform to pressure the Fed. This tension arises as inflation persists and new tariff threats loom, potentially exacerbating price pressures. Powell’s resistance underscores the Fed’s commitment to independent, non-political monetary policy.

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