💨 Abstract
President Donald Trump and Federal Reserve Chair Jerome Powell met to discuss the economy, with Powell emphasizing the Fed's independence in setting interest rates. Trump has criticized Powell for not lowering rates, claiming there is "no inflation." The meeting is the first of Trump's second term, with Powell previously stating he would not request such a meeting to maintain the Fed's political independence. Earlier, Trump had threatened to fire Powell but later retracted the statement.
Courtesy: WTOP Staff
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