President Trump met with Fed Chair Powell today, but the Fed Chair firmly refused to discuss interest rates; this is the first meeting since Trump began his second presidential term.

Although President Trump continuously pressures the Fed to cut interest rates, the Fed asserts that monetary policy will not be discussed in this meeting.

The exchange focused on economic developments such as growth, employment, and inflation. Fed Chair Powell emphasized that future policy decisions will be entirely based on upcoming economic data and will be analyzed objectively, politically neutral, in accordance with the Fed's legal mandate to support maximum employment and maintain price stability.