Powell laid down the law on Fed independence when he met with Trump, but the president didn’t seem to get the message

fortune.com/2025/05/30/powell-trump-meeting-fed-independence-interest-rate-cut

Federal Reserve Chair Jerome Powell met with President Trump and firmly reiterated the Fed’s independence, emphasizing that monetary policy decisions are based solely on economic data, not political pressure. Despite Trump’s ongoing calls to lower interest rates and past threats to fire…

This story appeared on fortune.com, 2025-05-30 10:53:29.
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