US President Donald Trump expressed a positive outlook after meeting with Federal Reserve Chair Jerome Powell, indicating he believes Powell may be open to lowering interest rates. During the meeting, they discussed the ongoing renovation costs of the Fed's buildings, which Trump has criticized. Despite previous comments labeling Powell a 'numbskull' regarding interest rates, Trump reassured he would not seek to remove him from his position, endearing Powell by calling him a 'very good man.' Economists expect interest rates to remain steady regardless of their conversation.
We had a very good meeting on interest rates. I think we had a very good meeting on interest rates," Trump told reporters on Friday.
Trump called Powell a very good man when speaking to reporters. Rather than lowering interest rates, economists widely expect...to leave its benchmark interest rate in the 4.25 percent - 4.50 percent range.
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