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Trump Pushes Powell to Lower Rates | Balance of Power
Posted
May 29, 2025
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442
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May 29, 2025
442
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President Donald Trump pushed Federal Reserve Chair Jerome Powell to lower interest rates at their first in-person meeting since the president’s inauguration, the White House said.
The president told Powell that he believes the Fed chair is making a mistake by not lowering rates, White House Press Secretary Karoline Leavitt said at a briefing Thursday.
That “is putting us at an economic disadvantage to China and other countries, and the president’s been very vocal about that, both publicly and, now I can reveal, privately,” she added.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:
Bloomberg's Tyler Kendall.
Wiley Rein Partner Greta Peisch.
Former Republican Congressman and Bloomberg Contributor Patrick McHenry.
Bloomberg Economics Editor Stuart Paul and Bloomberg Economics US Economist Molly Smith.
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Bloomberg Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy.
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