Trump meets Fed Chair Powell on rate policy
US President Donald Trump and Federal Reserve Chair Jerome Powell met amid concern about inflation and slowing economic growth in the US.
The Fed said in a statement that Powell came to the White House Thursday at Trump's invitation. The central bank also said Powell stressed that policy will depend entirely on incoming economic information.
He said he and his Fed colleagues will make decisions solely on careful, objective and non-political analysis.
A White House spokesperson also commented on the meeting.
White House Press Secretary Karoline Leavitt said, "The President did say that he believes the Fed Chair is making a mistake by not lowering interest rates, which is putting us at an economic disadvantage to China and other countries."
Trump has repeatedly called on the Fed to cut interest rates, calling Powell "Mr. Too Late."
US inflation has slowed in recent months. At the same time, Powell has expressed caution about cutting rates.
Concern that the Trump administration's tariff increases could push consumer prices higher has been rising.
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